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Adda247 cuts 20% workforce ahead of planned IPO
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Adda247 cuts 20% workforce ahead of planned IPO
Adda247 has laid off nearly 20 per cent of its workforce as the Gurugram-based edtech company restructures operations ahead of a planned initial public offering and tighter cost-management efforts. The job cuts reportedly impacted employees across product and content teams as the company implemented broader structural changes within the organisation. Despite the layoffs, Adda247 said it would continue selective hiring in key areas. The developme…
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