Tuesday, June 6, 2023

upGrad-owned Harappa lays off 30% of its employees: Report

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upGrad-owned Delhi-based edtech startup Harappa has reportedly laid off about 60 employees or 30% of its 200-strong workforce.

According to the Business Today report, The layoffs were announced in the last week of December and have primarily been in the content division. The report said that affected employees have been told to serve a month’s notice, and no other severance benefits have been offered to them.

The report further added that this is the first phase of layoffs and could include more employees.

Founded in 2018 by Pramath Raj Sinha and Shreyasi Singh, Harappa offers self-paced courses to address the spiralling problem of poor employability, inadequate leadership, and an ill-equipped workforce.

In July 2022, Edtech unicorn upGrad acquired Harappa Education for Rs 300 crore or $38 million in a cash and stock deal. In September 2022, upGrad invested an additional Rs 320 crore (nearly $40 million) in the platform to create the Harappa Global School of Leadership to strengthen its soft-skill and leadership offering for working professionals.

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