According to its co-founder and Chief Executive Officer Vamsi Krishna, Edtech unicorn Vedantu is laying off 424 employees, or approximately 7% of its workforce, because the Tiger Global-backed company expects a lack of money in the next quarters due to a slowdown in global financial markets. 'The external environment is currently difficult. War in Europe, fears of an oncoming recession, and Fed rate hikes have all contributed to inflationary pressures, as well as a big correction in global and Indian stock markets. Given the current environment, money would be tight in the next quarters 'In a blog post, Krishna informed