Downturn strikes swift blow to startup employees
Database started on April 1 shows 800 jobseekers from the startup scene, but just 344 listed openings
Singapore
THE startup scene is feeling the heat of the economic downturn as companies cut staff in an urgent bid to reduce cash burn.
A layoffs database started by venture capital (VC) firms in South-east Asia has swelled to about 800 people seeking new jobs over the span of just two and a half weeks.