Google-Backed Adda247 Cuts 20% Workforce Amid Slowing Revenue

Adda247 Layoffs: Google-Backed Edtech Startup Cuts 20% of Workforce in Restructuring Ahead of Planned IPO | 📲 LatestLY

Google-backed edtech startup Adda247 has laid off approximately 200 employees, about 20 per cent of its workforce, across departments like product and tech. The restructuring aims to curb slowing revenue and save INR 5 crore annually as the firm targets group-level profitability by FY27 and prepares for a potential IPO in the next 12 to 18 months. 📲 Adda247 Layoffs: Google-Backed Edtech Startup Cuts 20% of Workforce in Restructuring Ahead of Pl…

Google-backed Adda247 cuts 20% workforce amid slowing revenue

Edtech platform Adda247 has reduced its workforce by 20%. This move comes as the company experiences slowing revenue growth. Adda247 is preparing for a planned initial public offering. The company aims to cut costs and streamline operations. Employees in product and content verticals were affected. Adda247 said it is committed to supporting impacted staff.

Google-backed edtech startup Adda247 reportedly lays off 20% workforce ahead of IPO plans

Google-backed ed-tech startup Adda247 has reportedly laid off around 200 employees (~ 20% of its workforce) as the company looks to cut costs amid slowing revenue growth. The layoffs affected teams across product, content, design, and competitive exam categories, including CUET and UPSC prep, reports Business Standard. The development becomes significant as the Gurugram-based startup is preparing for a possible IPO, with the restructuring aimed …

Adda247 Cuts 20% Jobs as EdTech Firm Prepares for IPO Launch

As part of its internal reorganisation in preparation for its anticipated initial public offering (IPO) next year, Google-backed edtech giant Adda247 has fired 20% of its staff, or about 200 people. The layoffs affected workers in a wide range of departments, according to news accounts. Employees in departments like product, design, content, and CUET (common university entrance test) as well as instructors in subjects like UPSC and judiciary pre…

Adda247 Lays Off 20% Workforce Ahead Of IPO

Google-backed edtech major Adda247 has laid off 20% of its workforce, or around 200 employees, in an internal restructuring ahead of its planned IPO next year. A Business Standard report, citing sources, said employees from multiple verticals were impacted by the layoffs, including those working in product, design, content, CUET (common university entrance test), and teaching staff in categories such as UPSC and judiciary preparation. “The restr…