Cuemath Layoffs

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Edtech startup Cuemath has laid off approximately 100 employees in a recent restructuring effort to reduce costs, marking the second round of layoffs this year after a similar cut of about 100 staff in May. The company, which offers K-12 mathematics courses globally and is backed by investors like Google and Peak XV Partners, cited a challenging macroeconomic environment and a persistent gap between revenue and cost expectations as key reasons. CEO Manan Khurma communicated the decision via email on August 25, acknowledging that previous turnaround efforts fell short. This move reflects broader pressures in the edtech industry, where funding constraints have led to multiple startups downsizing. Cuemath reported a net loss of over INR 216 crore in FY22, with employee expenses constituting a significant portion of its costs.

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