Strategic Restructuring Reflects Company’s Adaptation to Shifting Edtech Landscape
Scaler, an edtech firm backed by Tiger Global, has embarked on a workforce restructuring initiative, resulting in the layoff of approximately 150 employees. The decision, aimed at streamlining operations and reducing redundancy, primarily impacts roles in the marketing and sales departments.
Sources familiar with the matter revealed that these layoffs represent about 10 percent of the total workforce across various departments within the company. Currently boasting a workforce of around 1,500 individuals, Scaler maintains a mix of full-time staff, consultants, contractual employees, and interns. This move follows the company’s earlier announcement of a substantial workforce expansion, with numbers growing by over 150 percent to 2,000 employees in the past year.
Abhimanyu Saxena, Co-Founder of Scaler and InterviewBit, clarified the rationale behind the restructuring, citing a strategic shift towards sustainable growth and optimized learning experiences for their users. While acknowledging the necessity of parting ways with certain functions, primarily in marketing and sales, Saxena emphasized the company’s commitment to providing necessary support to affected employees for a smooth transition.
This development unfolds against the backdrop of a dynamic edtech landscape, where professionals increasingly embrace lifelong learning opportunities. Despite robust demand for upskilling courses, particularly in technology-related fields, Scaler’s move underscores the evolving priorities and strategies within the sector.
Launched in 2019 by InterviewBit Technologies, Scaler offers structured programs for enhancing technology skills and operates the Scaler School of Technology. With a valuation of $710 million as of February 2022, the company remains a significant player in the edtech space, navigating changes and optimizing operations to adapt to market dynamics.
Saxena reiterated that the layoffs were not driven by performance metrics, underscoring the company’s continued investment in employee growth and its mission to drive transformation in the Indian tech ecosystem.
“Our employees are integral to our mission of catalyzing change in the tech education sector, and we remain committed to fostering their development as we navigate industry evolution,” stated Saxena.
