LEAD Layoffs
August 2022
LEAD announced a layoff affecting 80 employees (4% of its workforce) in August 2022. The company operates in the Education sector.
80
4%
Aug 4, 2022
About
In August 2022, Indian school edtech unicorn LEAD laid off approximately 100 employees, which represents about 5% of its then 2,000-strong workforce. The company framed this as part of its annual performance review process, resulting in a reduction of less than 100 roles. This move occurred within a broader industry trend where edtech companies, facing a post-pandemic slowdown in demand for online education, were implementing cost-cutting measures. LEAD, having recently raised $100 million and achieved a $1.1 billion valuation, emphasized it remained adequately staffed for growth, aiming to focus on innovation as schools reopened across India.
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