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Layoffs at startups becomes a blessing for smaller companies

Source | TIMES OF INDIA : By Payal Ganguly

BENGALURU : The recent spate of senior-level exits and layoffs at technology startups has proved a blessing for some firms.

The exits, triggered by shutdowns, acquisitions or cost cuts, have created a pool of topnotch talent for younger firms to pick from — people with more startup experience than the mostly twenty-something, first-generation entrepreneurs hiring them. Senior roles and promising stock options ensure loyalty and engagement.

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