Anuj Roy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Talent acquisition professionals at inflated salaries are finding themselves priced out of the market as opportunities dwindle.

Analysts expect more headwinds in the ‘underpenetrated, high opportunity market’ that is India’s tech sector, amid alarm balls from struggles of major market participants like Paytm and Byju’s.

People do not want to put their reputations at risk, and that is now becoming the case when working at such companies. According to recruiters, many of those who moved to startups from traditional sectors at eye-popping hikes at the height of the startup boom are now eager to return even taking upto 20-30% pay cuts

Shinjini Kumar, a former Bank of America and PricewaterhouseCoopers (PwC) executive, resigned from the payments banks board in December, we have learnt. Manju Agarwal, former deputy managing director at State Bank of India, has also quit.

While many employees of cash-strapped ed-tech firm Byjus have been in the job market for a while now, troubles at Paytm after the central bank imposed curbs on its payments bank unit have made a number of its staffers jittery, driving them to explore other options. Swiggy and Flipkarts announcements of workforce cuts have also added to the supply of talent who were highly paid.