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Edtech startup PhysicsWallah lays off 120 employees after performance review – India Today

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Edtech startup PhysicsWallah lays off 120 employees after performance review – India Today

 

In the latest round of layoffs, the Indian Edtech startup Physicswallah has reportedly terminated 120 employees. This move by the Unicorn startup reflects a trend observed among startups this year, primarily driven by financial constraints. According to reports, the company has downsized its workforce as part of a performance-based evaluation process.According to Entrackr, which first reported the job cuts, Physicswallah laid off employees to reduce costs. The company has been profitable and achieved unicorn status last year. However, the decision to lay off employees reflects the increased scrutiny of investors regarding funding and their emphasis on sustained profitability for portfolio companies.… 

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