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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

Edtech platform Vedantu lays off 424 more employees, cites capital scarcity

Vedantu V Vamsi Krishna Covid-19 New Delhi

NEW DELHI: Education technology firm Vedantu laid off 424 more employees on Wednesday, the company said in a blog post.

Citing scarcity of capital for the upcoming quarters, the firm it will be laying off 7 per cent of its workforce. The company also stated the existing geopolitical crisis as one of the reasons for making the decision.

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