Google-backed Adda247 cuts 20% workforce amid slowing revenue

Short summary

Google-backed edtech platform Adda247 has announced a 20% workforce reduction to cut costs and streamline operations amid slowing revenue growth, as the company prepares for a planned initial public offering. Employees across product and content teams were affected. The company stated it is committed to supporting impacted employees, though specifics on severance or transition support were not disclosed.

• •20% workforce cut at Google-backed Indian edtech platform Adda247
• •Cost-cutting and streamlining tied to revenue slowdown and IPO preparation
• •Product and content teams most affected; support details not disclosed

Generated with AI, which can make mistakes.