Teachmint Layoffs

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Bengaluru-based edtech startup Teachmint laid off 45 employees last week, representing about 5% of its workforce, as part of a restructuring effort to build long-term efficiencies and address redundancies. The impacted roles were primarily in sales and operations. The company, which provides a video-first teaching platform for educators, offered a severance package including three months' pay, extended health coverage, and expedited ESOP vesting. This move comes amid a broader funding winter in the Indian startup ecosystem, where edtech firms have been particularly affected by the reopening of schools and a shift in investor sentiment. Teachmint, valued at $500 million after a $78 million Series B round last year, is among numerous Indian startups that have conducted layoffs in 2022.

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