Industrial Relations After Recent Layoffs in Start-ups in India: Challenges, Implications, and Strategies

IPEM Journal Management > Industrial Relations After Recent Layoffs in Start-ups in India: Challenges, Implications, and Strategies

Industrial Relations After Recent Layoffs in Start-ups in India: Challenges, Implications, and Strategies

Dr. Neeraj Chaudhary

Vol 17 , Issue 1 , July 2023 | Pages: 57-65

Published Online: July, 2023

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Author Details

1. Dr. Neeraj Chaudhary, Assistant Professor, Institute of Business Studies, Ch. Charan Singh University, Meerut

The growth of start-ups in India has been accompanied by a dynamic and rapidly evolving labor market. However, the nature of start-ups, characterized by high uncertainty and fierce competition, often leads to workforce downsizing, commonly known as layoffs. These layoffs have significant implications for industrial relations in the start-up sector. This research paper aims to explore the challenges, implications, and strategies associated with industrial relations after recent layoffs in start-ups in India. By analyzing the current landscape, and reviewing relevant literature, this paper provides insights into the post-layoff industrial relations scenario and offers recommendations for stakeholders involved. The recent wave of layoffs in the Indian start-up industry has brought to light the complex and ever-evolving dynamics of industrial relations in the country. The Indian start-up industry has seen a remarkable growth in the last decade, attracting both domestic and foreign investments. However, the industry has been plagued by numerous challenges such as unstable funding, hyper-competition, regulatory hurdles, and most recently, the COVID-19 pandemic. As a result, many start-ups have resorted to laying off employees as a measure to cut costs and sustain their operations. This paper aims to explore the industrial relations issues arising out of recent layoffs in Indian startups.

Keywords

layoffs, restructuring, stakeholders, redeployment, founders.
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Chaudhary(2023). Industrial Relations After Recent Layoffs in Start-ups in India: Challenges, Implications, and Strategies. Issue No. 1. Vol. 17 p. 57-65