News > Winter of the big-tech spring? What Union Budget 2023 must do to mitigate India's unemployment crisis

Winter of the big-tech spring? What Union Budget 2023 must do to mitigate India's unemployment crisis

Of the many things that 2022 will be remembered for is also the unending streak of ruthless lay-offs that the world gapingly witnessed, especially, in big tech and start-ups. The otherwise promising start-up ecosystem in India also succumbed to the macroeconomic collapse, with at least 44 start-ups having fired over 15,000 people already. To borrow from the Game of Thrones fame, the winter for the tech industry is here and might end up being the longest one in several years.