The latest company to join the firing spree is Harappa Education. The company has terminated around 70 employees, which is 35 per cent of its 200-strong workforce, according to VCCircle.
The publication’s sources revealed more layoffs at the ed-tech company could follow shortly.
The company recently announced expansion plans into the US market in partnership with California-based Enliven Advisory, a financial advisory firm operating in the workforce tech space for more than two decades.
However now, Harappa is laying off staff from departments such as media content, branding, and human resource verticals. The firm will pay one-month severance to the employees, said the same report.
“The layoffs were announced overnight just before Christmas. We were told to submit whatever office equipment we possessed, as soon as possible,” said the source, who also disclosed that employees were informed about the termination over phone calls and messages by their managers.
Harappa was founded in 2018 by Pramath Raj Sinha and Shreyasi Singh. It provides young professionals with self-paced courses to upskill them.