Online tutoring platform Vedantu Innovation has laid off 424 employees, or 7% of its total workforce of 5,600, underscoring the stress in the edtech sector as offline classes resume with the pandemic receding and competition rises
Last month, popular edtech firm Unacademy fired 10 per cent of its workforce, which was around 600 employees. As per a report, another popular edtech startup Vedantu has laid off around 200 employees.