News: Pearson group-owned PurpleLeap sacks half of workforce

Strategic HR

Pearson group-owned PurpleLeap sacks half of workforce

Pearson group-owned technology-aided education services company PurpleLeap has in the past fortnight sacked more than 250 staff, or half of its workforce, to cut costs amid slowing business, Economic Times reported.

Pearson group-owned technology-aided education services company PurpleLeap has in the past fortnight sacked more than 250 staff, or half of its workforce, to cut costs amid slowing business, Economic Times reported.

The Bangalore-based company that works with students, colleges and corporations to bridge the gap between professional education and industry requirements, especially in sectors such as information technology, has been hit by losses over the last two years, according to people with direct knowledge.  Pearson spokesman Brendan O'Grady said in an emailed statement that British company has made “significant investments” in India, but some of it has necessitated “realignment of services and customer offerings”.

Read the full report here

Read full story

Topics: Strategic HR, #Updates, #Jobs, #Hiring

Did you find this story helpful?

Author

QUICK POLL

As you plan to resume work from office, what is your biggest concern as a leader?

2 months free subscription
q_auto,f_auto/v1593523489/mag-july-2020.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

How likely are you to recommend our content to a friend or colleague?

01
10
Selected Score :