EducationIN

Skill Lync Layoffs

April 2023

Skill Lync announced a layoff affecting 400 employees in April 2023. The company operates in the Education sector.

People Affected

400

Announced Date

Apr 25, 2023

About

Edtech startup Skill Lync has laid off over 400 employees, representing more than 20% of its workforce of over 2,000, as part of a restructuring effort last week. The company, backed by Iron Pillar, cited challenging macroeconomic conditions and a need to moderate growth expectations, leading to role redundancies. Affected staff came from sales, marketing, tech, and talent acquisition teams. This follows earlier layoffs of 300-400 employees and office closures in Mumbai and Pune, with the Delhi NCR office also now shut. Skill Lync is consolidating operations in Chennai, Bengaluru, and Hyderabad amid a broader funding crunch in the edtech sector.