home Uncategorized Edtech unicorn Vedantu lays off 200 employees Harsh Upadhyay

Edtech unicorn Vedantu lays off 200 employees Harsh Upadhyay

Edtech unicorn Vedantu has laid off 200 employees almost seven months after the Tiger Global-backed company’s entry into the unicorn club. With this, the Bengaluru-based company has joined more than half a dozen growth-stage startups which recently fired a significant chunk of their workforce. 

“We have over 6000 employees out of which ~120 contractors and 80 full-time or 3.5% of the total strength, are academics or assistant teachers were being reevaluated. We have an annual contract with them, and at the beginning of every academic year, we follow a process of load rebalancing where we rejig pertaining to these roles, based on our growth expectations…,” said Vedantu’s spokesperson in a statement.

Continue reading Edtech unicorn Vedantu lays off 200 employees at Entrackr.

Edtech unicorn Vedantu has laid off 200 employees almost seven months after the Tiger Global-backed company’s entry into the unicorn club. With this, the Bengaluru-based company has joined more than half a dozen growth-stage startups which recently fired a significant chunk of their workforce. 
“We have over 6000 employees out of which ~120 contractors and 80 full-time or 3.5% of the total strength, are academics or assistant teachers were being reevaluated. We have an annual contract with them, and at the beginning of every academic year, we follow a process of load rebalancing where we rejig pertaining to these roles, based on our growth expectations…,” said Vedantu’s spokesperson in a statement.
Continue reading Edtech unicorn Vedantu lays off 200 employees at Entrackr. News, LayOff, VedantuEntrackr

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