A leading skill-based learning platform, Harappa Education, has reportedly laid off 30 per cent of its workforce. As per a report by Business Today, the platform has cut down 60 job roles from its 200-strong workforce.
Reportedly, most of the job cuts have been done in the content department, primarily. Additionally, the laid off employees have been asked to serve a one month’s notice period. The company has not offered any severance benefits to them.
As per Business Today, the company has not stated any official reasons for the firings, however, it has confirmed that this is just one phase of it and there might be more layoffs this year.
Last July, the higher-edtech platform, Harappa was acquired by upGrad for around 300 crores. The platform was founded by Pramath Raj Sinha and Shreyasi Singh in 2018 and since then, the company has grown to serve 600,000 learners through both business-to-business and business-to-consumer segments.
In the past year alone, the company has acquired nearly 70% of its users. Harappa’s revenue has increased three times to about 75 crore rupees this year, and the company is close to becoming profitable.
Additionally, in November 2022, Harappa announced that it would be launching in the United States with the goal of providing additional training to 55,000 managers over the next three years. According to the company, it already has 250,000 learners across more than 200 companies in its enterprise division.
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