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Salary cuts arrive at Indian startups amid the coronavirus slump

Salary cuts arrive at Indian startups amid the coronavirus slump

India’s coronavirus lockdown is taking a toll on its startups. Over 25% of these companies have already announced across-the-board pay-cuts, according to a recent survey of CEOs. The survey was conducted by Praxis Global Alliance, a Gurugram-based management consulting and market research firm, in the last two weeks of March and included 50 Indian startup CEOs from across the country.