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Senior executives exit startups to the safe shores of big local business groups

Economic Times · 1y

Senior executives are leaving startups to join established local business groups, seeking stability and established growth paths. The trend highlights a shift in talent movement from startups to more established companies, driven by the appeal of established infrastructure and resources. This migration underscores the ongoing evolution of the startup landscape and the allure of established corporate environments amid market uncertainties. Since September 2022, about 750 senior executives (CXOs and CXO-1) out of about 5,000 top professionals (with more than Rs 1 crore salary) exited unicorns and soonicorns.