Vedantu lays off another 100 employees (it sacked 624 in May this year)

Layoffs
  • Vedantu laid off another 100 full-time employees from its sales teams last month as a part of a restructuring exercise, two people aware of the layoffs confirmed to ET. This is the third round of layoffs at the Bengaluru edtech unicorn, which sacked around 624 full-time and contractual employees in two batches in May. The company became a unicorn last September after it raised $100 million led by Temasek-backed impact investing fund ABC World Asia.
  • ET first reported on April 7 that rival edtech unicorn Unacademy had laid off around 1,000 employees including on-roll and contractual staff across its core offerings and group companies such as PrepLadder.

Bitcoin Fanatic Michael Saylor Steps Down as MicroStrategy CEO

ED is investigating WazirX for allowing Rs 2,790 crore of remittance to unknown wallets