Layoff gloom to end next year? Experts predict that startup companies will stop laying off employees by mid-2023

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Additionally, workers who may have been let go by startups but still have skills in specialized fields stand a strong chance of being employed by MNCs in other IT-related fields in sectors like insurance, banking, and finance, among others.

According to hiring experts who spoke with FE, the growing number of layoffs by startups and digital platforms is anticipated to slow down by mid-2023. According to them, enterprises in the digital sector may resume employing by the middle of the following year to support their expansion plans.

Additionally, workers who may have been let go by startups but still have skills in specialized fields stand a strong chance of being employed by MNCs in other IT-related fields in sectors like insurance, banking, and finance, among others.

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