Why Layoffs and Mergers happen at the same time? | Vedantu | Pavan Sathiraju #shell #bankofamerica
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Vedantu an Indian Edtech Startup has laid off more than 1000 employees in 2022. Recently Vedantu laid off more than 300 employees or about 10% of its workforce. Funding slowdown and the edtech startup bubble burst might be a few reasons for these layoffs. But Vedantu seems very aggressive on growth. Vedantu acquired Deeksha for $40 Million recently. Shifting from online education to an offline or hybrid education model is driving most of the decisions made at Vedantu.
In this video, how the layoffs at Vedantu are different. And, what is the reason for these layoffs.
M&A - Mergers and Acquisitions.
Cost cutting - Bank of America, Dailyhunt, and Twitter
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Chapters
0:00 - Intro
0:35 - Mergers and Acquisitions by Vedantu
2:13 - Vedantu Layoffs 2022
2:44 - How Vedantu layoffs are different?
4:43 - Outro