Series of layoffs – Has Indian online edtech dream turned sour?

Coding-for-kids startup WhiteHat Jr, owned by edtech unicorn Byju’s, has laid off around 300 employees globally. According to multiple media reports, the employees were largely from the code-teaching and sales teams. Eighty of the laid-off employees were from the newly opened Brazil office, where BYJU’S was hoping to expand its ‘Future School’ offering.

According to WhiteHat Jr, the employee reduction was due to cost-cutting measures with long-term stability and growth in mind. Byju’s had acquired the Mumbai-based WhiteHat Jr in an all-cash deal worth $300 million two years back.

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