Brainly fires all its employees in India, is Ed-tech sector in crisis?

New Delhi: Is the entire technology sector staring at major crisis?, that’s the major question weighing everybody’s mind. Twitter laid off 50% of its employees, Facbook has plans of big retrenchment. India’s leading Ed-tech company Byju has already retrenched about 2,500 employees.

The latest ed-tech company to sack employees as part of ‘business restructuring process’ is Brainly. The ed-tech firm has fired all of its India employees, reports said.

Poland-backed edtech firm Brainly has reportedly handed over pink slips to all of its employees working in the country, mostly centre in Bengaluru numbering about 35.

A portal, citing Corporate Chat India Twitter handle, reported that a fired employee shared the news of layoff of Brainly’s India team.

“Shocking layoff at Brainly-India team (has raised more than $150 million),” the Corporate Chat India account posted.

Reports said that this was a brief retrenchment of the global workforce including India. Globally, the ed-tech is said to have a workforce of more than 850 people.

The announcement of layoffs happened over a Google meet, as employees were told that the firm was slashing its India team and only 5 of 35 staff will be retained. Layoffs happened reportedly across all departments including customer support, product, marketing, legal and technical divisions.

A leading daily reported that Brainly’s job cuts was limited to India only as the company decided to stop paid plans to Brainly.in users and it will now provide services for free. The ed-tech firm has strong presence in countries like US, Russia, Indonesia, Brazil and Latin America, among others.

Byju’s cut 2,500 jobs days ago

The job cuts in Brainly comes days after Ed-tech giant Byju’s announced sacking of 2,500 employees. Company’s CEO Byju Raveendran had also written an ‘apology mail’ to its employees over lay-offs.