Vedantu laid off another 100 full-time employees from its sales teams last month

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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.

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Vedantu laid off another 100 full-time employees from its sales teams last month

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.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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