bengaluru : Edtech startup Scaler has laid off about 150 employees, or 10% of its workforce, as part of a restructuring plan, two people familiar with the move said.
The majority of those affected are from the sales and marketing teams, according to one of the two people cited above.
In response to a question from Mint, Scaler and InterviewBit co-founder Abhimanyu Saxena confirmed the development.
“At Scaler, we have always believed that education is a primary human need, and even more so when it comes to technology education. To achieve long-term growth and sustainability, we need to consider how we operate. As part of this, we have designed new ways of working to achieve sustainable growth while providing the best learning experiences and outcomes for our learners. This is something we are constantly working towards. “We did it,” he said.
“As part of this restructuring, we have identified several functions and roles, primarily in marketing and sales, that we have had to let go. We would like to assure everyone that appropriate measures will be taken and the necessary support will be provided to ensure a smooth transition. ”
“Our employees play a strategic role in our mission to transform India's technology ecosystem through our range of education solutions, helping them grow while working together to transform the sector. We will continue to invest in this area,'' he added.
Founded in 2019, Scaler provides online upskilling courses for technology professionals. Investors include Tiger Global, Lightrock India, Surge and Peak XV Partners.
Startup losses are 90% higher than before. INR174 million from FY2022 INRFY23 revenue was $330 million, with sales up 388% year over year. INR65 billion~ INR317 million during the period under consideration.
The development comes at a time when learners are increasingly returning to offline environments and ed-tech platforms are grappling with the growth challenges of the post-corona era. For example, Unacademy has laid off a large number of employees over the past two years, and PhysicsWallah laid off about 150 employees last November.
News website Moneycontrol first reported the development.
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