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Google backed Adda247 cuts 20% staff as revenue growth slows and IPO nears
India
Published on 11 May 2026
The cut hits product and content teams hardest
Edtech firm Adda247, backed by Google, has cut its workforce by 20% as revenue growth slows. The company says the move is aimed at reducing costs and streamlining operations while it prepares for a planned IPO. Employees in product and content verticals were impacted, and Adda247 says it remains committed to supporting affected staff.
- Adda247 has reduced its workforce by 20%
- Cost cutting follows slowing revenue growth
- The layoffs affect product and content verticals
- Adda247 is preparing for a planned IPO
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times