Thursday, March 30, 2023

Education technology startup Camp K12 reportedly lays off 70 percent of its workforce.

Camp K12, an edtech startup, is the most recent online education provider to lay off workers as students return to classes and investors pull back on funding. The Gurugram-based firm reportedly laid off 70% of its workforce.

The coding education technology firm is accused in a report of not paying its employees on time. Camp K12 was founded by Anshul Bhagi, a graduate of the MIT and Harvard Business Schools classes of 2010.

Camp K12 was founded in 2010 by Anshul Bhagi, who saw a need to connect teachers and students in grades K-12 for more engaging and effective STEAM (Science, Technology, Engineering, Art, and Math) instruction. Thousands of employees at edtech companies in India were laid off in the past year. The $22 billion edtech unicorn BYJU’S, as well as Unacademy, Vedantu, and Tiger Global, all backed by SoftBank, have all laid off employees. In January of this year, 20% of the workforce at Unacademy’s sister company, Relevel, was laid off.

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