Dealing with downsizing: Why well funded startups fired 1700 employees in three months?

More than 1,700 people have lost their jobs in the latest round of layoffs announced by startups like Unacademy, Meesho, Furlenco, Lido Learning and Trell. Why are well-funded startups trying to save money? Host Bhavya Dilipkumar speaks to employees who've been laid off, Director and CEO, CIEL HR Services, Aditya Narayan Mishra, and ET's Digbijay Mishra on whether there is a crisis brewing in the startup space and if downsizing is the only way for restructuring and cost cutting in addition to exploring themes of how different these layoffs are from those that happened in 2010-2011 at Flipkart or Snapdeal. Credits: ET Now