BCCL
The online tutoring platform, founded by Vamsi Krishna, Saurabh Saxena, Pulkit Jain and Anand Prakash, laid off over 200 employees, according to a report by news agency IANS.
In a statement to IANS, the edtech company said on Thursday, May 5, that 6,000 employees, 120 contractors and 80 full-time academics or assistant teachers (3.5% of its total workforce) were being "re-evaluated".
"We have an annual contract with them, and at the beginning of every academic year, we follow a process of load rebalancing where we rejig pertaining to these roles, based on our growth expectations," said the company.