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Ruskin Felix Consulting

Ruskin Felix Consulting

Will SVB Collapse Impact the Indian Talent Market?

SVB collapse RFC GDP drop Indian Talent Market

The recent failure of Silicon Valley Bank (SVB) has created instability in the Indian startup talent market because these companies had deposited around $1 billion with SVB. Despite having $209 billion in assets at the end of 2022, regulators shut down SVB on March 10 due to a run on the bank. Despite this, HR and staffing organizations in India are confident that the talent market will be unaffected by the SVB problem.

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