Vedantu Lay Off Employees

Online tutoring company Vedantu on Wednesday said it had laid off more than 400 employees.

"Out of 5,900 Vedans, 424 of our fellow teammates, i.e. about 7% of our company, will be parting with Vedantu.

Vedantu Lay Off Employees- 7% Workforce

Vedantu Lay Off Employees- CEO Email

This has been an extremely difficult call to make," CEO Vamsi Krishna said in an email that also posted on the Vedantu website.

Vedantu CEO Calling it one of his "toughest decisions", Mr Krishna blamed a "tough external environment". 

Vedantu Lay Off Employees- Competition

Vedantu Lay Off Employees- Evaluation

Backed by Tiger Global investing Firm, Online Coaching  Tech Giant Vedantu was last valued at $1 billion.

The lay-offs come amid a slump in India's startups, which raised a record $35 billion in new funds in 2021.

Vedantu Lay Off Employees- Indian Startup

Vedantu Lay Off Employees- Not Alone

Vedantu is not alone in this exercise. In the past few months, Unacademy had laid off around 1,000 employees.

The hyper growth of   9X  that  Vedantu  experienced during the last two years, will get moderated. 

Vedantu Lay Off Employees- Growth

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