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Blue-collar workforce at startups takes a big hit as business volumes fall

India hospital covid-19 economy crisis
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BENGALURU : Several startups over the past few weeks have laid off their contractual workforce after business volumes were impacted, mostly due to logistics and operational restrictions placed by the lockdown due to covid-19.

The current covid-19 crisis has impacted close to 60% of the total contractual staff workforce in India, across segments of telecom, retail, real estate, electronics manufacturing, and hospitality, said experts.

This has put major stress on India’s blue-collar economy which has been left without any employment. Among startups, food tech unicorn Swiggy laid off nearly 500 people, mostly contractual cloud kitchen staff, and B2B commerce firm Udaan laid off over 2000 contractual workers on Friday among others.

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United States
United States
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Recovered: 0
India
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Deaths: 237 619
Recovered: 0
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