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Edtech unicorn PhysicsWallah lays off over 100 employees

Edtech company PhysicsWallah (PW) has reportedly laid off more than 100 employees, a first job cut at the company amid a cost-restructuring exercise.According to a report in Entrackr, citing sources, PhysicsWallah confirmed that about 70-120 .

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Physics Wallah: Physics Wallah lays off over 100 employees

Indian edtech unicorn Physics Wallah has joined the growing list of startups cutting jobs due to a tough funding environment. The company claims that

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physics wallah layoffs: Edtech startup Physics Wallah lays off 120 staffers after performance evaluation

The decision, undertaken after a mid-term appraisal analysis ended in October, is aimed at ensuring Physics Wallahs primary focus on maintaining a high-performing team, a top official told ET.

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PhysicsWallah Layoffs: Edtech Company Cuts Over 100 Employees Amid Cost-Restructuring Exercise

“At PW, we regularly assess performance through mid-term and end-term cycles. For the cycle ending in October, less than 0.8 per cent of our workforce, ranging from 70 to 120 individuals with performance concerns — may be asked to transition,” Satish Khengre, CHRO, PW, was quoted as saying in the report. PhysicsWallah Layoffs: Edtech Company Cuts Over 100 Employees Amid Cost-Restructuring Exercise.

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Physics Wallah may lay off up to 120 employees due to performance issues

Physics Wallah may lay off up to 120 employees due to performance issues
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