Tech-focused skilling and hiring startup HackerEarth laid off over 8% of its employees

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Tech-focused skilling and hiring startup HackerEarth has laid off over 8% of its employees across multiple verticals. According to its LinkedIn page, the startup employs over 630 people, so the number of affected employees could range between 45 and 50. However, according to the Mint report, this figure is closer to 17.

When contacted, the startup confirmed that it had laid off 17 employees, but did not specify how many were affected in India. However, it stated that these decisions were made due to unfavourable macroeconomic conditions in the US market, such as the economic downturn, funding crisis, and impending recession. To overcome challenges and keep the business afloat in the long term, the startup has also implemented pay adjustments across the organisation.

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Tech-focused skilling and hiring startup HackerEarth laid off over 8% of its employees

Tech-focused skilling and hiring startup HackerEarth has laid off over 8% of its employees across multiple verticals. According to its LinkedIn page, the startup employs over 630 people, so the number of affected employees could range between 45 and 50. However, according to the Mint report, this figure is closer to 17.

When contacted, the startup confirmed that it had laid off 17 employees, but did not specify how many were affected in India. However, it stated that these decisions were made due to unfavourable macroeconomic conditions in the US market, such as the economic downturn, funding crisis, and impending recession. To overcome challenges and keep the business afloat in the long term, the startup has also implemented pay adjustments across the organisation.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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