Hit by funding slowdown, startups withdraw job offers at IITs

Zee Media Bureau

New Delhi: Hit by sudden funding slowdown, the domestic startups have begun withdrawing job offers at the premier technological institutes such as the IITs, according to a report published in the Economic Times.

As per reports, the job offers at premier IITs in Delhi, Mumbai, Roorkee and Guwahati have been pulled back and by the startups which are reeling under financial stress presently. Some of these startups have shut down their operations during the course. Some have even delayed the joining date of the students.

As per experts, the startups have been advised to go slow in hiring at a time when they are facing slowdown in funding by the PE investors.