“PhysicsWallah Announces Layoffs of 120 Employees After Performance Review”
PhysicsWallah’s reported layoff of 120 employees amid a performance-based evaluation reflects ongoing shifts in the edtech industry. The company, aiming to restructure, denies a mass layoff and plans to hire 1,000 new employees in the coming months.
Edtech giant PhysicsWallah has undergone a restructuring process, reportedly laying off 120 employees following a performance review. The company clarified that less than 0.8% of its workforce, consisting of approximately 12,000 employees, would be affected by this performance-driven evaluation.
This move comes in the wake of PhysicsWallah’s status as a unicorn, achieved over a year ago, when it secured $100 million in investments from notable backers such as WestBridge Capital and GSV Ventures. The decision was highlighted by Entracker, which attributed the layoffs to a cost-cutting initiative undertaken by PhysicsWallah.
The job cuts, according to Entracker, have affected departments including content, operations, and various other segments. Reports indicated that employees were summoned for meetings without specific reasons being provided.
However, the company denied the characterization of these actions as a mass layoff. PhysicsWallah’s Chief Human Resources Officer (CHRO), Satish Khengre, clarified the situation, stating, “For the cycle ending in October, less than 0.8% of our workforce, approximately 70 to 120 individuals with performance concerns, may be asked to transition.”
Khengre further emphasized the company’s commitment to enhancing its workforce, expressing intentions to hire an additional 1,000 employees in the forthcoming six months. This move aligns with previous staffing adjustments made by various edtech unicorns, such as BYJU’S and Unacademy, responding to the surge in demand for online educational platforms during the Covid period.
PhysicsWallah, founded by Alakh Pandey in 2020, initially gained prominence for delivering online classes via YouTube. The company attained a valuation of $1.1 billion in June last year.
Sources By Agencies
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{Tôi cực kỳ hài lòng khám phá trang này. Tôi muốn cảm ơn bạn {vì đã|dành thời gian cho|chỉ vì điều này|vì điều này|cho bài đọc tuyệt vời này!! Tôi chắc chắn thích thú từng một chút nó và tôi cũng đã đã lưu vào mục ưa thích để xem những thứ mới trong trang web của bạn.|Tôi có thể chỉ nói rằng thật nhẹ nhõm để khám phá một người thực sự biết họ là gì thảo luận trên internet. Bạn chắc chắn hiểu cách đưa một vấn đề ra ánh sáng và làm cho nó trở nên quan trọng. Nhiều người hơn nữa phải đọc điều này và hiểu khía cạnh này của. Tôi đã ngạc nhiên rằng bạn không nổi tiếng hơn vì bạn chắc chắn sở hữu món quà.|Xuất sắc bài viết trên blog. Tôi hoàn toàn yêu thích trang web này. Tiếp tục với nó!|Thật khó tìm những người có hiểu biết sâu rộng cho điều này, nhưng bạn nghe có vẻ bạn biết mình đang nói gì! Cảm ơn|Bạn cần là một phần của một cuộc thi dành cho một trang web trực tuyến tốt nhất. Tôi sẽ khuyến nghị trang web này!|Một cuộc thảo luận thú vị chắc chắn đáng giá bình luận. Tôi tin rằng bạn nên viết thêm về chủ đề này, nó có thể không là một điều cấm kỵ chủ đề nhưng điển hình mọi người không nói về chủ đề những điều này. Đến phần tiếp theo! Cảm ơn rất nhiều!|Xin chào! Tôi chỉ muốn đề nghị rất cho thông tin xuất sắc bạn có ở đây trên bài đăng này. Tôi sẽ là trở lại trang web của bạn để biết thêm thông tin sớm nhất.|Sau khi tôi ban đầu để lại bình luận tôi có vẻ như đã nhấp vào hộp kiểm -Thông báo cho tôi khi có bình luận mới- và từ bây giờ mỗi lần được thêm vào tôi nhận được 4 email cùng chính xác một bình luận. Có lẽ có một cách bạn có thể xóa tôi khỏi dịch vụ đó không? Chúc mừng.|Lần sau Tôi đọc một blog, Tôi hy vọng rằng nó không thất bại nhiều như bài này. Rốt cuộc, Tôi biết điều đó là sự lựa chọn của tôi để đọc hết, dù sao thì tôi thực sự tin bạn sẽ có điều gì đó thú vị để nói. Tất cả những gì tôi nghe được là một loạt khóc lóc về điều gì đó mà bạn có thể sửa nếu bạn không quá bận tìm kiếm sự chú ý.|Đúng với bài viết này, tôi nghiêm túc tin trang web tuyệt vời này cần nhiều hơn nữa sự chú ý.
{Tôi đã rất hài lòng khám phá trang web tuyệt vời này. Tôi muốn cảm ơn bạn {vì đã|dành thời gian cho|chỉ vì điều này|vì điều này|cho bài đọc tuyệt vời này!! Tôi chắc chắn đánh giá cao từng một chút nó và tôi cũng đã đã lưu vào mục ưa thích để xem điều mới trong trang web của bạn.|Tôi có thể chỉ nói rằng thật thoải mái để khám phá một cá nhân mà thực sự biết họ là gì thảo luận trên internet. Bạn chắc chắn biết cách đưa một vấn đề ra ánh sáng và làm cho nó trở nên quan trọng. Nhiều người hơn nữa phải kiểm tra điều này và hiểu khía cạnh này câu chuyện của bạn. Tôi đã ngạc nhiên rằng bạn không nổi tiếng hơn vì bạn chắc chắn nhất sở hữu món quà.|Rất hay bài viết. Tôi hoàn toàn yêu thích trang web này. Tiếp tục với nó!|Thật gần như không thể tìm thấy những người có hiểu biết sâu rộng về điều này, nhưng bạn có vẻ bạn biết mình đang nói gì! Cảm ơn|Bạn nên là một phần của một cuộc thi dành cho một trang web trên internet tuyệt vời nhất. Tôi sẽ khuyến nghị trang web này!|Một động lực chắc chắn đáng giá bình luận. Tôi nghĩ rằng bạn nên viết thêm về vấn đề này, nó có thể không là một điều cấm kỵ chủ đề nhưng điển hình mọi người không nói về vấn đề như vậy. Đến phần tiếp theo! Cảm ơn rất nhiều.|Xin chào! Tôi chỉ muốn đề nghị rất to cho thông tin xuất sắc bạn có ngay tại đây trên bài đăng này. Tôi đang quay lại trang web của bạn để biết thêm thông tin sớm nhất.|Khi tôi ban đầu bình luận tôi có vẻ như đã nhấp vào hộp kiểm -Thông báo cho tôi khi có bình luận mới- và bây giờ mỗi lần được thêm vào tôi nhận được 4 email có cùng nội dung. Phải có một cách bạn có thể xóa tôi khỏi dịch vụ đó không? Cảm ơn.|Lần sau Tôi đọc một blog, Tôi hy vọng rằng nó không thất bại nhiều như bài này. Rốt cuộc, Tôi biết điều đó là sự lựa chọn của tôi để đọc, nhưng tôi thực sự tin có lẽ có điều gì đó thú vị để nói. Tất cả những gì tôi nghe được là một loạt rên rỉ về điều gì đó mà bạn có thể sửa nếu bạn không quá bận tìm kiếm sự chú ý.|Đúng với bài viết này, tôi thực sự cảm thấy trang web tuyệt vời này cần nhiều hơn nữa sự chú ý.
{Tôi cực kỳ hài lòng khám phá trang web này. Tôi muốn cảm ơn bạn {vì đã|dành thời gian cho|chỉ vì điều này|vì điều này|cho bài đọc tuyệt vời này!! Tôi chắc chắn thực sự thích từng của nó và tôi đã đã lưu vào mục ưa thích để xem điều mới trong trang web của bạn.|Tôi có thể chỉ nói rằng thật thoải mái để khám phá một người thực sự hiểu họ là gì đang nói về trực tuyến. Bạn chắc chắn nhận ra cách đưa một rắc rối ra ánh sáng và làm cho nó trở nên quan trọng. Nhiều người hơn nữa thực sự cần xem điều này và hiểu khía cạnh này câu chuyện của bạn. Thật ngạc nhiên bạn không nổi tiếng hơn vì bạn chắc chắn có món quà.|Rất hay bài viết trên blog. Tôi hoàn toàn đánh giá cao trang web này. Tiếp tục làm tốt!|Thật gần như không thể tìm thấy những người hiểu biết cho điều này, tuy nhiên, bạn nghe có vẻ bạn biết mình đang nói gì! Cảm ơn|Bạn nên là một phần của một cuộc thi dành cho một trang web trên internet tốt nhất. Tôi chắc chắn sẽ Rất khuyến nghị trang web này!|Một cuộc thảo luận thú vị đáng giá bình luận. Tôi nghĩ rằng bạn nên viết thêm về vấn đề này, nó có thể không là một điều cấm kỵ chủ đề nhưng điển hình mọi người không thảo luận vấn đề như vậy. Đến phần tiếp theo! Chúc mừng.|Xin chào! Tôi chỉ muốn cho bạn một rất to cho thông tin xuất sắc bạn có ngay tại đây trên bài đăng này. Tôi sẽ là trở lại trang web của bạn để biết thêm thông tin sớm nhất.|Khi tôi ban đầu bình luận tôi có vẻ như đã nhấp hộp kiểm -Thông báo cho tôi khi có bình luận mới- và từ bây giờ bất cứ khi nào có bình luận được thêm vào tôi nhận được 4 email cùng chính xác một bình luận. Có một phương pháp dễ dàng bạn có thể xóa tôi khỏi dịch vụ đó không? Cảm ơn bạn.|Lần sau Tôi đọc một blog, Hy vọng rằng nó sẽ không thất bại nhiều như bài này. Ý tôi là, Vâng, đó là sự lựa chọn của tôi để đọc hết, tuy nhiên tôi thực sự tin bạn sẽ có điều gì đó thú vị để nói về. Tất cả những gì tôi nghe được là một loạt rên rỉ về điều gì đó mà bạn có thể sửa nếu bạn không quá bận tìm kiếm sự chú ý.|Đúng với bài viết này, tôi thực sự tin trang web này cần nhiều hơn nữa sự chú ý.
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