Edtech unicorn Vedantu has laid off 385 employees, nearly 11.6 per cent of the company workforce, according to sources. This move is being seen as part of a drive in the edtech sector towards profitability via cost-savings and consolidation, as funds dry up, they said.
Vendantu declined to comment on the development.
This story is from the December 08, 2022 edition of Business Standard.
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This story is from the December 08, 2022 edition of Business Standard.
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