In January 2023, the edtech startup Camp K12, headquartered in California and operated from Gurugram, laid off approximately 70% of its workforce. The company, which had expanded from a coding bootcamp to teaching math and English online, faced severe financial distress, leading to this drastic staff reduction. Former employees reported that the company was not paying their December salaries, and remaining workers were allegedly prevented from resigning, with management refusing to provide relieving letters. This situation highlights the broader challenges within the edtech industry, as Camp K12, once positioned as a rival to larger coding platforms, struggled to sustain operations amid a turbulent market.
