Tag: startups

NEW DELHI: Edtech unicorn Physics Wallah has laid off some 70-120 employees, joining a batch of startupswhich have cut jobs this year amid a tepid funding environment. The company claimed that the decision was part of a performance based evaluation process. "At PW, we regularly assess performance through mid-term and end-term cycles. For the cycle ending in October, less than 0.8% of our workforce, ranging from 70 to 120 individuals with performance concerns—may be asked to transition,” chief human resources officer Satish Khengre said in a statement on...