Based on a report in Inc42, 19 edtech startups, together with 4 unicorns, have alone sacked greater than 8,460 workers up to now.
The startups that lead the layoff tally embody BYJU’S, Ola, OYO, Meesho, MPL, LivSpace, Innovaccer, Udaan, Unacademy and Vedantu, amongst others.
Dwelling interiors and renovation platform Livspace this week laid off at the least 100 workers as a part of cost-cutting measures.
Final week, SaaS platform for on-line shops Dukaan laid off almost 30 per cent of its workforce, or round 60 workers — its second layoff in about six months.
Healthcare unicorn Pristyn Care has additionally sacked as much as 350 workers throughout departments and impacted workers from gross sales, tech and product groups.
On-line larger schooling firm upGrad laid off almost 30 per cent of its workforce at its subsidiary “Campus”.
In February, end-to-end world supply administration platform FarEye laid off 90 workers, which was its second layoffs in about eight months amid the financial meltdown.
With the onset of January, an increasing number of
Social media firm ShareChat (Mohalla Tech Pvt Ltd) laid off 20 per cent of its workforce on account of unsure market situations.
The layoff impacted about 500 individuals on the firm.
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