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Facebook, AppleAmazon, Microsoft, Netflix and Google (FAAMNG) have reduced hiring in India by 90 percent. FAAMNG companies are not hiring from India. ET’s Report According to, there has been a 90% reduction in hiring from India in these companies this year as compared to 2022. The report states that the number of active hiring in companies is only 200. This figure is 98% less than the active hiring that took place earlier. This halt in recruitment has come at a time when tech companies are grappling with the global economic slowdown.
In fact, this decrease in hiring started in December last year itself. When the active demand in tech companies had fallen by 78 percent as compared to July. That is, hiring in big tech companies has been on hold for almost 18 months. The report says that the openings in all these big tech companies are currently only 30 thousand worldwide. While the companies have also done layoffs in large numbers. This phase of layoffs started from the end of last year in which big tech companies like Microsoft, Amazon, Google started doing layoffs in large numbers.
Facebook, Apple, Amazon, Microsoft, Netflix and Google At present, only 1,50,000 people from India work in Paytm’s core operations. Recently, Paytm has announced layoffs in the new year. According to the report, Paytm It is reorganizing all its businesses. It has announced layoffs to reduce costs. People have been fired from all units of Paytm. This is said to be 10 percent of the total workforce of the company. This layoff is considered to be one of the biggest layoffs of the year 2023, which has been seen in a fintech company.
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