Edtech startup Scaler has laid off around 150 employees emphasising sustainability and future expansion. Since its founding in 2019, this is the first time the Bengaluru-based company has experienced layoffs.
Scaler is an industry-vetted approach designed to help computer professionals improve their skills.
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“At Scaler, we’ve always believed that education is a primary human need, and tech education, more so. It is imperative that we look at how we operate for long-term growth and sustainability. As part of this, we have designed a new way of working to be able to achieve sustainable growth while delivering the best learning experience and outcomes for our learners – something that we’ve always been committed to,” said Scaler cofounder Abhimanyu Saxena, in a statement.
The news website Moneycontrol was the first to report on the development.
Through rounds from investors like Lightrock India, Peak XV Partners, and Tiger Global, the company has secured approximately $75 million. At a valuation of $750 million, the company last secured $55 million in Series B funding in 2022, putting it in position to become the seventh unicorn in the edtech industry.
About Scaler
Founded by IIIT Hyderabad alums Anshuman Singh and Abhimanyu Saxena, Scaler is the tech school where the hungry learn to enhance their coding skills.
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