Edtech startup Doubtnut laid off an estimated 30-40% of its workforce over the past year, a significant reduction driven by a need to drastically cut costs. The company, which had raised about $50 million in total funding, struggled with a high cash burn and delayed monetization, making it difficult to secure fresh capital or find an acquirer. To control expenses, Doubtnut reduced its monthly burn by over 80% by March 2023, which included shutting down several exam preparation verticals and rationalizing teams in sales, academics, and marketing. While the exact number of employees affected is not specified, the severe cut in employee benefit expenses indicates a large-scale layoff. The company has since focused on growing its YouTube-based revenue channels.
