SoftBank-Backed Edtech Unicorn Eruditus Trims Workforce; Lays Off 40 Employees

SoftBank-Backed Edtech Unicorn Eruditus Trims Workforce; Lays Off 40 Employees

SUMMARY

In total, there are 80 employees leaving the edtech, 40 put in their papers voluntarily, said Ashwin Damera, cofounder and CEO, Eruditus

The edtech unicorn has halved its talent acquisition team to carry forward its plans to reduce hiring to 10%

According to Inc42’s Indian Startup Layoff Tracker, eight edtech startups have laid off 3,079 employees so far in 2022, including Eruditus

Mumbai-based edtech unicorn Eruditus has joined the growing list of startups laying off employees, as it has laid off 40 employees from its workforce.

Ashwin Damera, cofounder and CEO of the edtech unicorn, told ET that Eruditus has carried out the layoffs over the past month.

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