The company at present has built a team of 6,500 employees, including over 2,000 teachers and educational experts
This is the third time the Bengaluru-based edtech unicorn laid off employees since May
The company, which has offices in New Delhi, London, Tokyo, Seoul, and Beijing, has over 400 people in its global team
Vedantu layoffs: This round of layoffs at Vedantu come soon after the edtech platform acquired a majority stake of Deeksha, a test preparation platform in Karnataka for board and competitive exams.
The investment firm has invested in multiple Indian businesses across public and private markets, including unicorns like LeadSquared, PhysicsWallah and Vedantu
Vedantu, after laying off 200 employees, had shared its plan of hiring 1,000 employees this year.
Exuding confidence about edtech being the biggest growth story for the next five years, Krishna still claims to be No. 2 in the K-12 segment and rubbishes media reports about layoffs
Experts say that the intensity of action in the segment in terms of hiring, investments and new enrolments may come down as more offline classes begin to resume.
When contacted, the company spokesperson confirmed the development and said the firm is also hiring over 1,000 new people.
