K-12 STEM edtech startup Practically laid off some employees amid a cash crunch

Popular

K-12 STEM edtech startup Practically laid off some employees amid a cash crunch

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.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

Popular

More Like this

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.

Disclaimer

At StartupNews.fyi we strive to uphold the highest ethical standards in all of our reporting and coverage. We 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.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

More like this

Nykaa got hit with a wave of departures from its top executives

Nykaa, one of India's leading online beauty and wellness...

Delhi HC summoned BharatPe’s Ex-MD Ashneer Grover & barred him from creating any third-party rights over shares

Fintech startup BharatPe’s former managing director has been summoned...

Snap Inc. quietly acquired 3D-scanning startup Th3rd

Snap Inc., the parent company of popular social media...

Upcoming Events

Startup Information that matters. Get in your inbox Daily!

spot_img
spot_img
Copy link
Powered by Social Snap