Edtech Unicorn PhysicsWallah Lays Off 120 Employees

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Edtech unicorn PhysicsWallah (PW) has laid off around 70-120 employees.

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Reports suggest that the lay-offs were a result of a cost-cutting exercise. While the company claims that layoffs were due to performance issues.

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“For the cycle ending in October, less than 0.8% of our workforce, ranging from 70 to 120 individuals with performance concerns...", said CHRO Satish Khengre

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"Our primary focus remains on fostering a dynamic, high-performing team.”, he further added.

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Khegre also claims that PW is planning to hire an additional 1,000 employees in the next six months.

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Edtech Unicorns have laid off 10000 employees since the start of 2022. Swipe up to learn more!

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