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Homegrown edtech startup Scaler has slashed around 10 per cent of its workforce, or 150 employees, in a restructuring exercise, a media report said on Wednesday.As per the startup, the restructuring exercise will help it reach long-term growth ...
Scaler laid off 150 staffers in Bengaluru for long-term growth and sustainability. It aims for annual profitability after achieving positive cash flow in 2023 and profitability in the July-September quarter.
Homegrown edtech startup Scaler has slashed around 10 per cent of its workforce, or 150 employees, in a restructuring exercise,
Scaler Academy said its operational revenue rose to Rs 316.7 crore in the financial year ended March 2023, from Rs 65.6 crore a year earlier. Total expenses at the firm went up to Rs 654.6 crore, significantly pushed up by employee expenses of Rs 322.07 crore and other expenses of Rs 316.93 crore.
Scaler (by InterviewBit), one of the fastest-growing tech education startups, today announced the acquisition of a Delhi-based education platform, Pepcoding, for an undisclosed amount to strengthen Scaler's business ecosystem.