Edtech unicorn PhysicsWallah Pvt. has laid off close to a hundred employees as part of a performance-based assessment cycle, the company said on Monday.
"At PW, we regularly assess performance through mid-term and end-term cycles. For the cycle ending in October, less than 0.8% of our workforce—ranging from 70 to 120 individuals with performance concerns—may be asked to transition," Satish Khengre, chief human resources officer at the Noida-based edtech startup, said in a statement.