There are various issues at play here, since questions about the downsizing motives have been raised. The main driver is continual investor pressure on profitability and exit paths in many older firms. After two years of scaling up and growth experiments, entrepreneurs are now focusing on sustainability and profit and return extraction.

Moreover, Investors have begun urging high-growth companies to return to basics, chase profits, and reduce cash burn in the case of loss-making startups, according to the sources. In the first four months of 2022, Indian startups laid off 6,900 workers. Over 1,200 staff were laid off by unicorns like Vedantu and Cars24 in May alone.

Impact of Covid-19

As per the sources, this is what we came to know. According to the Chief executive of Ciel HR Services, Aditya Narayan Mishra said that Layoffs are occurring in a variety of industries and segments. It’s owing to some firms’ aggressive hiring practices and subsequent strategy changes. Transitioning post-Covid-19 is proving difficult for several businesses. He went on to say that because the globe is suddenly opening up, most ed-tech businesses are producing products purely online and have found it challenging to deploy talents.

Furthermore, another source said that while extremely good startups will still get cash, collecting funds at a specific price will be 5 times more difficult. They acquired $650 million in August of last year at a valuation of $3.2 billion. Someone who raised money at a $1 billion value last year will have to work even harder this year. This is also why investors are advising their firms to start saving money unless they are alright with a down round.

Lack of Talents

Another factor for the layoffs is the firms’ lack of talent as a result of a slew of acquisitions last year. In 2021-22, 326 similar deals were reported by ET. As the globe becomes more open, these businesses are being compelled to eliminate employees with similar skill sets to save money. Between 2020 and 2021, Unacademy alone purchased ten firms. Last year, there were no layoffs since most companies include a clause in their contracts that guarantees employee retention for at least 12 months following acquisition.

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Here is the list of top Indian cricketers who love football:

Mahendra Singh Dhoni

Manchester United is India’s most popular football team. Even Mahendra Singh Dhoni, the Captain Cool, can’t stay away from the obsession. His passion for football stems from his days as a goalkeeper in high school. Dhoni is a co-owner of the ‘Chennaiyin FC’ Indian super league team and the ‘Barclays Premier League brand ambassador in India. David Moyes is also followed by Dhoni. He stated in an interview that football is both fascinating and emotional for him. He still plays football as a warm-up game before important cricket matches.

Sourav Ganguly

Ganguly is a Manchester United supporter. He began following the United team while playing for the English county of Lancashire. Manchester United is Ganguly’s favorite club, he said in a statement, especially when David Beckham was playing. The attachment is now weaker, yet it still exists. He fell in love with the Premier League and Manchester United when he went to play for the Lancashire county. The ISL franchise ATK was co-owned by the prince of Kolkata. In addition, he desired to promote the game in India.

Sachin Tendulkar

Sachin is a diehard Manchester United supporter. He enjoys watching United matches with Sir Bobby Charlton. He was a co-owner of the Kerala Blasters in the Hero Indian Super League, which was founded to promote the sport in India, but he left in 2017.

Virat Kohli

Virat Kohli, India’s current captain, demonstrates his admiration for Real Madrid and Cristiano Ronaldo. He used to support Manchester United, but he switched allegiances because of Ronaldo. He has claimed that Real Madrid great Cristiano Ronaldo has always been an inspiration to him, with his never-say-die mentality and very strict routine and work ethic being something he strives to emulate. He also stated that football is a worldwide popular sport and that it is encouraging to see so many Indian children interested in football in addition to cricket.

Rahul Dravid

It’s impossible to believe that Rahul Dravid has thoughts other than cricket. But you might be astonished to learn that ‘the wall’ is a huge Arsenal fan. In an interview, he remarked that the team’s “professional and cerebral manner” drew him in. Dravid was a living legend. He despises Manchester United, as do many other Arsenal supporters.

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Here is the list of the top 10 Indian goalkeepers in ISL:

Debjeet Majumder

He is possibly one of the rare players to have represented both Mohun Bagan and East Bengal in the Kolkata Derby. Debjeet, on the other hand, has experience in Indian football, having played for ATK for two seasons and kept eight clean sheets. He was signed by Chennaiyin in 2021-22 ISL.

Sandip Nandy

Sandip, who stands at 177 cm, has played for both Kerala Blasters and Mumbai City in the ISL’s early years. He is now the goalkeeping coach for Mohammedan Sporting in the I-League.

Pawan Kumar

Jamshedpur FC has signed the 30-year-old Punjabi goalkeeper for the 2020/21 season. Pawan earned his name in a breakout season with Mumbai, despite being on the Chennaiyin squad. He went on to play for Northeast and has 8 clean sheets in the competition so far.

Arindam Bhattacharya

Arindam Bhattacharya, who just won the title with ATK and is regarded as one of the best goalkeepers in the league, formerly played for Churchill Brothers and became a club icon with 240 games. He will remain with the defending champions through the 2022 season. In September 2021, after mutually terminating the contract with ATK Mohun Bagan, Arindam joined East Bengal on a free transfer.

Prabhsukhan Gill

Without mentioning the Golden Glove winner, we can’t talk about any other goalkeeper. Gill was the best shot-stopper in the Hero ISL in 2021-22. The 21-year-old had a 70 percent save rate and 47 saves in 20 games as part of one of the league’s best defenses, which had seven clean sheets, the most in the league.

Rehenesh TP

Rehenesh, who stands at a good height of 180 cm and previously played for Kerala Blasters, is mostly an athletic goalkeeper who enjoys making diving saves. Currently playing for Jamshedpur FC, where he was one of the finest players for the Men of Steel in the Indian Super League 2020-21, making 54 saves during the season.

Karanjit Singh

Karanjit has spent his whole ISL career with Chennaiyin and has firmly established himself as the club’s No. 1 over the years. He was a key player of the victorious teams in 2016 and 2018, and he was also a member of the Indian team’s 2011 SAFF Cup squad. Throughout the tournament, he started all five of India’s games and preserved three clean sheets while only conceding two goals.

Gurpreet Singh Sandhu

Gurpreet Singh Sandhu, India’s current goalkeeping phenomenon and dubbed the ‘wall of Bengaluru,’ is the best goalkeeper in the league. With some European football experience, he has already accomplished a lot with Bengaluru FC, including 13 shutouts in the club’s three seasons in the ISL.

Amrinder Singh

Amrinder Singh was signed to a five-year contract by ATK Mohun Bagan FC on May 31, 2021. He played in the Maldives for the club in the AFC Cup group stage in 2021. He left Mumbai City FC after 84 appearances for the club, making him the most capped player in the club’s history. In the 2020-21 season, Amrinder has 10 clean sheets and 61 saves.

Subrata Pal

Subrata Pal, 36, is one of Indian football’s most beloved goalkeepers, yet his career is far from over. Goalkeeper for West Bengal, who has also played for Mumbai, Northeast, Jamshedpur, and several other clubs. Currently plays goalie for ATK Mohun Bagan of the Indian Super League. He has represented India at all levels. In the 2011 AFC Asian Cup, he was the goalie for the Indian football team. He made over 35 saves throughout the competition and has since established himself as one of the team’s most valuable players.

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