physics wallah – The News Desk

Illustration: Binay Sinha Edtech firm Physics Wallah may lay off up to 120 employees due to performance issues, according to the company. The company in a statement said that less than 0.8 per cent of its total workforce will be impacted due to the performance review exercise. "At PW, we regularly assess performance through mid-term and end-term cycles. For the cycle ending in October, less than 0.8 per cent of our workforce, ranging from 70 to 120 individuals with performance concernsmay be asked to transition. "Our primary focus remains on fostering a dynamic, high-performing team. We plan to hire an additional 1,000 employees in the next six months," PW, CHRO, Satish Khengre said in a statement. The company has around 12,000 employees. Several e...

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 Sunday.Backed by investors like Westbridge and GSV Ventures, the Noida-based company turned unicorn last year after it raised $100 million in funding at a valuation of $1.1 billion. Even as the startup claims to be profitable, the move com...

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Physics Wallah may lay off up to 120 employees due to performance issues

Physics Wallah: Physics Wallah lays off over 100 employees