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IT, startups may lose 20,000 workers in next six months
- After two years of hiring frenzy, India's IT and startup sectors may lay off 15,000 to 20,000 workers in six months.
- Recruitment consultants anticipate fewer recruiting mandates in the coming months and have opted not to enter any new firms at this time.
- However, despite the fact that some IT and startup companies are laying off employees to cut expenses, others in the same industries are hiring.
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