upGrad subsidiary Campus lays off 30% of workforce amid funding crunch

This is the second upGrad arm to have recently laid off staff. Last December, Harappa Education, which upGrad had bought for Rs 300 cr in July 2022, let go of 70 people

A funding slowdown has forced Edtech unicorn upGrad to lay off 30 per cent of the workforce--nearly 120 employees--at its subsidiary ‘Campus’, which has a strength of about 300 people.

This is the second upGrad subsidiary to have laid off employees recently. Last December, Harappa Education, which upGrad had acquired for Rs 300 crore in July 2022, had let go of 70 people, or about 30 per cent of its staff.

Queries sent by Business Standard to upGrad did not elicit an immediate response.

After acquiring Impartus, a video-learning solutions provider, for Rs 150 crore in a cash-and-stock deal back