Technology

Edtech startup Scaler reduces workforce by around 10% in restructuring effort

New Delhi, April 10 (IANS) Homegrown edtech startup Scaler has undertaken a restructuring exercise leading to a 10 per cent reduction in its workforce, affecting around 150 employees. The move aims to ensure long-term growth and sustainability, as reported by Inc42.

Founder Abhimanyu Saxena stated, “As part of this restructuring, we identified some functions/roles, primarily in marketing and sales, in the company that we had to part ways with.” The company emphasized that the job cuts were not performance-based and committed to supporting the affected employees during the transition.

The recent workforce reduction follows Scaler’s acquisition of Delhi-based Pepcoding last year. Additionally, the company has expanded its business ecosystem by acquiring four companies including AppliedRoots, Coding Minutes, and Coding Elements over the past two years. Backed by investors like Sequoia Capital India, Tiger Global, and Lightrock India, Scaler’s latest funding round raised $55 million, valuing the startup at over $700 million.

The edtech startup’s restructuring move underscores its commitment to long-term growth and sustainability, ensuring alignment with its evolving business strategy. The impact of the job cuts on the company’s operations and future initiatives remains to be seen as Scaler continues to navigate the dynamic edtech landscape.

IANS

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