As 2023 started the news of layoffs. Recently, upGrad-owned learner-centered institution, Harappa has announced to sack of nearly 70 employees or 35% of its 200-strong workforce.
As per reports, the affected employees have been told to serve a month’s notice, and no other severance benefits have been offered to them.
The layoffs have affected mainly the company’s media, content, branding, and human resource verticals. Additionally, many impacted employees were informed by their managers over phone calls and messages about the development.
The layoffs were announced in the last week of December. Earlier, upGrad announced that it has acquired online learning institution Harappa Education for Rs 300 crore or $38 million in a cash-and-share swap deal in July last year.
In 2022, Vedantu has sacked more than 1,100 employees. After the latest round of layoffs, the edtech has about 3,300 employees. Another Ed-tech firm, Unacademy has slashed 350 employees which is 10 percent of its workforce due to harsh economic conditions.
Earlier, FrontRow laid off 30 employees nearly 75 percent of its workforce. Earlier, Byju’s said that the company was laying off nearly 5 percent of the workforce, or 2,500 employees.
Recently, Amazon will sack more than 18,000 employees globally and 1000 employees in India. Ed-tech startups have cumulatively retrenched thousands of employees in 2022. Previously in June 2022, WhiteHat Jr and Toppr combined laid off about 500 employees
Harappa is focused on accelerating the personal growth of our learners, to help them confidently navigate their most crucial career cusps. It was set up in 2018 by Pramath Raj Sinha and Shreyasi Singh, Harappa Education is a business-to-business edtech startup.
Harappa offers courses and programs that drive transformative career success using Thrive Skills—an essential set of cognitive, social, and behavioral skills that enable individuals to continuously succeed, at every stage of their career.