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Indian startups laid off close to 20,000 employees in 2022 as ecosystem faces prolonged funding winter

Since the beginning of the year, about 50 startups have laid off a large number of employees, citing funding constraints and restructuring, while others have shifted the blame to employees' performance, calling the layoffs standard.

Threat calls to employees, stranded students, helpless parents: A bitter lesson in Lido Learning's bankruptcy

Financial creditors of the once celebrated edtech startup may have to take over 80 percent haircut on their dues while shareholders, parents and employees may get nothing

Lido Learning files for bankruptcy, 6 months after asking over 1,200 staffers to quit

Ronnie Screwvala-backed edtech startup failed to pay back debts and defaulted on payments to former employees

Lido Learning's 1200 workers cut loose abruptly over video call yet to receive January salary

Lido Learning's co-founder Sahil Sheth had asked more than 1,200 employees to resign abruptly in a virtual townhall meeting in the first week of February

Startup layoffs to continue as exuberance takes a break; will curb attrition across sectors

Experts and talent managers say the trend is indicative of a shift to profitability over customer acquisition and unmanageable expansion, a subdued investment environment, and a fear of possible recession.

Edtech unicorn Vedantu follows Unacademy, Lido Learning, lays off 200 employees

Vedantu’s move of laying off employees comes amid murmurs that the edtech sector in India is slowing down with schools and physical tuition classes reopening, thanks to decreasing Covid-19 cases across the country.

Start-up Street: Closing down an unsuccessful start-up

The vast majority of start-ups fail. For the entrepreneur, it's an intensely emotional process that needs to be managed well, so that the learnings can serve him well in his next venture

In-depth: Lido Learning episode a hard lesson for the edtech sector, but the bull market is still on

Don’t look at the edtech sector through the prism of 5-6 companies that have made big headlines. The focus must be on quality education, fulfilling promises and managing finances better, say edtech players and experts.