Please spread the word to encourage Indians to return home (especially those who have visa concerns) in light of the 52,000+ tech layoffs that will occur in the US in 2022. This will enable Indian Tech to realize its potential for hypergrowth in the ensuing 10 years. Harsh Jain stated in a tweet that Dream Sports is always looking for excellent people, particularly those with leadership experience in design, product, and technology.
Tech companies have implemented drastic cost-cutting measures and let go of thousands of people as a result of declining income, fewer advertisements, and the financing crisis. Meta came under fire for firing 11,00 workers, or around 13% of the workforce of the internet company. The market capitalization of the parent company of Facebook, which fell from over a trillion dollars to $255.79 billion this year, has decreased by about 70%. Half of Twitter’s workers were let go after Elon Musk bought the firm.
To safeguard their business lines, Microsoft, Netflix, Zillow, and Spotify all declared recruiting limits and laid off several people. While tech businesses abroad struggle,Users may establish fantasy teams in a number of sports, including cricket, football, hockey, and more, on the Dream11 platform. These teams are then converted into points based on actual games. Harsh Jain, the creator of Dream11 and one of several Indian IT executives who aim to support and foster a domestic tech ecosystem in order to attract qualified people back to India, was the first gaming firm in the country to become a unicorn.
The entrepreneur has established the Tech Entrepreneurs Association of Mumbai (TEAM), a group of 35 unicorns and soonicorns located in Mumbai, to promote the city as the center for a number of industries, including media, gaming, and finance. Companies such as Haptik, BookMyShow, Zepto, and Rebel Foods are among the members of this organization.
