News > "Gut-Wrenching": Education Firm Vedantu Lays Off 400

"Gut-Wrenching": Education Firm Vedantu Lays Off 400

18/05/2022 04:56 PM | Click to read full article

Online tutoring company Vedantu on Wednesday said it had laid off more than 400 employees or about 7 per cent of its workforce as Indian startups, across sectors, reel under a downturn that could slam the brakes after years of unprecedented growth.

"Out of 5,900 Vedans, 424 of our fellow teammates, i.e. about 7% of our company, will be parting with us. This has been an extremely difficult call to make," CEO Vamsi Krishna said in an email.