Series of Layoffs – Has the Indian dream of online edtech gone sour?

Children’s coding startup WhiteHat Jr, owned by edtech unicorn Byju’s, has laid off around 300 employees worldwide. According to various media reports, the employees were largely from the code teaching and sales teams. Eighty of the laid-off employees were from the newly opened office in Brazil, where BYJU’S hoped to expand its ‘School of the Future’ offering.

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

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