Explained: Why Vedantu sacking employees again means for edtech startups in India - The Indian Express

Express Explained: This is the second round of layoffs the firm has carried out in May after having handed pink slips to 200 academicians and assistant teachers — both contractual and full time — citing performance issues, two weeks ago.

Edtech startup Vedantu has laid off 424 employees close to 7 per cent of its workforce of 5,900 as the firm expects a scarcity in funding. This comes amid slowdown in global financial markets and wit… [+2258 chars]

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