Tiger-backed edtech Scaler lays off 150 employees
The layoffs will impact about 10 percent of the total workforce in the marketing and sales department of the company.
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The layoffs will impact about 10 percent of the total workforce in the marketing and sales department of the company.
Adda247 secured $35 million last year from Google and WestBridge, but a funding winter this year appears to have caught up with the edtech startup.
It is worth noting that this would not be the first restructuring exercise at BYJU'S. Earlier this year, the edtech laid off about 1,000 employees. Late last year, the company let go of 2,500 employees.
These job cuts come at a time when the embattled edtech unicorn is grappling with a tight liquidity situation.
Cuemath had sacked about 100 employees in May to improve efficiencies amid a worsening landscape for K-12 edtech globally.