Bengaluru IT Startup Lays Off 40 Employees in One Day, Including High Earners

A Bengaluru-based IT startup reportedly laid off 40 employees in a single day, including some with high annual salaries of up to Rs 92 lakh, according to a post shared on X by CA Arpit Goyal. The layoffs affected employees in sensitive personal situations, such as impending parenthood and pregnancy, raising concerns about job security in the Indian tech sector. The incident has sparked discussions on social media about the unpredictability of startup employment and financial preparedness.