Series of layoffs – Has Indian online edtech dream turned sour?

Coding- for- children start-up WhiteHat Jr, had by edtech unicorn Byju’s, has given up around 300 staff members around the world. According to several media records, the staff members were mainly from the code- training and also sales groups. Eighty of the laid- off staff members were from the freshly opened up Brazil workplace, where BYJU’S was wishing to increase its ‘Future School’ offering.

According to WhiteHat Jr, the staff member decrease resulted from set you back- reducing steps with lengthy- term security and also development in mind. Byju’s had actually obtained the Mumbai- based WhiteHat Jr in an all- cash money offer worth $300 million 2 years back.

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