Cuemath, a Bangalore based edtech startup focussed on Math learning, has announced that it will be reducing its workforce as it grapples with mounting losses and seeks to cut expenses in the face of a funding winter. The decision to cut jobs will impact around 100 employees across various functions, according to a company spokesperson. The spokesperson also confirmed that the layoffs are part of a wider restructuring plan aimed at streamlining operations and strengthening the company’s focus on building a great learning and consumer experience (LCX).
Manan Khurma, founder & chairman, Cuemath, has declared in a LinkedIn post that he will be taking on the position of CEO once again. Current CEO Vivek Sunder will transition to an advisory role, working alongside Khurma and the team to leverage his expertise in areas such as acquisition funnels and go-to-market (GTM) strategies. Sunder, a former COO of Swiggy, had been appointed as CEO, Cuemath in September 2021.
Khurma explained that the decision to reduce the workforce was driven by the need to focus more deeply on building a great learning and consumer experience (LCX) and retention. He emphasised the company’s commitment to supporting affected employees in transitioning to the next phase of their professional journey. The restructuring plan is aimed at ensuring a smooth transition for affected employees, who will receive all the support they need during this difficult time.
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