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