Vedantu laid off another 100 full-time employees from its sales teams last month as a part of a restructuring exercise.
This is the third round of layoffs at the Bengaluru-based edtech unicorn, which laid off 624 full-time and contractual workers in two batches in May. Interestingly, in a memo to employees on May 18, cofounder and CEO Vamsi Krishna stated that the previous retrenchment exercise was a “one-time activity,” with no further layoffs expected. The memo was also made available on the company’s blog. Krishna added that the layoffs were intended to give the company a runway of 30 months, to focus on lowering customer acquisition costs, and to align all teams and projects to its core focus area.
