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

On the master platform, there are about 25,000 openings for data analysts. Since most of these course providers are effective in offering greater compensation or a better job, he added that upskilling courses supplied by edtechs and others are likely to fill in this void.

Over 16,000 employees have been let go from the tech sector overall, including Big Tech and startups, so far this year. Numerous of these include unicorns, late-stage businesses, and even early-stage enterprises that failed to raise critical funds due to the funding shortage. When it comes to employment losses, the consumer internet sector is still the most impacted. Some of the worst-hit startups are those in edtech, fintech, hyperlocal delivery, insurtech, content and gaming, logistics, and online commerce. The worst hit industry, according to some estimates, was edtech, with 14 edtech businesses cutting off 6,898 workers in 2022.

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