Google-backed edtech platform Adda247 has let go 20% of its workforce, or about 200-220 employees, amid slowing revenue growth for the Gurugram-based startup.
The layoffs have happened at verticals such as product and content, one current and two laid-off employees told ET. The company, which reported a 1% decline in its operating revenue in FY25, wants to reduce costs ahead of its planned initial public offering (IPO), employees said.
