Vedantu Layoffs
August 2022
Vedantu announced a layoff affecting 100 employees in August 2022. The company operates in the Education sector.
100
Aug 2, 2022
About
Edtech unicorn Vedantu laid off over 100 employees in early July 2022 as part of a business restructuring, marking its third round of layoffs this year. This follows earlier cuts of around 624 employees in May, bringing the total for 2022 to at least 724. The layoffs, affecting teams like sales and training, were driven by investor pressure to cut costs amid an economic downturn and a post-pandemic drop in user growth as schools reopened. Vedantu, which had about 5,900 employees in May, offered a two-month severance. The company, founded in 2014, had seen explosive growth during COVID but now faces a challenging market adjustment.
Source
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