A majority of the startups (92%) said “their hiring decisions will primarily be driven by new project orders, additional funding raised from investors and expansion strategies.”
Over 80% of early-stage startups are planning to increase their employee count in 2023, according to a survey. The survey included 300 start-ups of which around 80% have less than 20 employees and are at the Series A and B funding stages.
This comes at a time when major start-ups and companies are looking to trim costs, especially by letting go of some of their employees. A majority of the startups (92%) said “their hiring decisions will primarily be driven by new project orders, additional funding raised from investors and expansion strategies.”
A little less than a third of the start-ups expect to increase their employee count by over 30%. The sectors that have the highest intent to hire include healthcare (13%), IT/ITeS (10%), agri/agritech (8%), AI/ML/DeepTech (7%), fintech (7%), and manufacturing (7%), as per reported by YourStory.
Also read: Cybersecurity is no longer optional for companies
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