Google-backed edtech Adda247 has laid off about 20% of its workforce, roughly 200 employees, as part of a restructuring ahead of its planned IPO in the next 12–18 months. The cuts affected teams across product, design, content and test prep, including CUET and teaching roles like UPSC and judiciary. The company expects annual savings of around ₹5 crore while saying growth remains steady in core areas.
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.
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