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Surging tech salaries become a worry for startups | Business

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Aug 05, 2021, 07:19PM ISTSource: TOI.in

There is a fierce war for talent among the big IT and technology companies in India. This results in surge in salary payment by the companies. The worst hit are smaller startups and even well-funded ventures are feeling the heat. Ola founder Bhavish Aggarwal sums up the situation and tweeted that he is thinking of offshoring some work to a lower cost centre in SF, Bay Area. Amrish Rau, CEO of fintech firm Pine Labs, recently tweeted, ‘Salary expectation is at an all-time high’.



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