K-12 STEM edtech startup Practically laid off some employees amid a cash crunch as its last funding round did not materialise.
The startup has also failed to pay the impacted employees’ salaries. While the exact number of layoffs was not disclosed, Practically’s COO and cofounder Charu Noheria stated in a statement that the company’s headcount has been gradually reduced by 190 employees since mid-August 2022. The startup is restructuring its business model and shifting its focus to the B2B vertical. Practically is an edtech platform that uses AR, VR, and mixed reality to provide immersive STEM education.