Vedantu gives pink slips to 385 employees in 3rd round of layoffs this year

It has sacked over 1,100 employees, so far, amid funding winter

Edtech unicorn Vedantu has laid off 385 employees, nearly 11.6 per cent of the company workforce, according to sources. This move is being seen as part of a drive in the edtech sector towards profitability via cost-savings and consolidation, as funds dry up, they said. 

The Bengaluru-based firm has laid off over 1,100 employees (both full-time and contractual), so far, this year. The edtech sector is in a crisis amid falling valuations, fewer funding rounds, and faltering investor sentiment.

“Vedantu has laid off employees to reduce the burn rate and prioritise profitability over growth,” said a person familiar with the