Vedantu lays off another 100 employees (it sacked 624 in May this year)

Layoffs
  • Vedantu laid off another 100 full-time employees from its sales teams last month as a part of a restructuring exercise, two people aware of the layoffs confirmed to ET. This is the third round of layoffs at the Bengaluru edtech unicorn, which sacked around 624 full-time and contractual employees in two batches in May. The company became a unicorn last September after it raised $100 million led by Temasek-backed impact investing fund ABC World Asia.
  • ET first reported on April 7 that rival edtech unicorn Unacademy had laid off around 1,000 employees including on-roll and contractual staff across its core offerings and group companies such as PrepLadder.

[Via]

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