Harappa, a Delhi-based edtech startup owned by upGrad, is said to have laid off 60 employees, or 30% of its 200-person workforce.
The layoffs, which were mainly in the content section, were reportedly disclosed in the final week of December, according to the Business Today article. According to the article, no other severance payments have been provided to the impacted employees, who have been instructed to provide a month’s notice.
The report further stated that since this is only the first round of layoffs, additional workers may be affected.
Pramath Raj Sinha and Shreyasi Singh founded Harappa in 2018, which provides self-paced courses to address the growing issue of poor employability, insufficient leadership, and an ill-equipped workforce.
Harappa Education was purchased by Edtech unicorn upGrad in July 2022 for Rs 300 crore ($38 million) in cash and stock. To improve its soft-skill and leadership offerings for working professionals, upGrad invested an extra Rs 320 crore (almost $40 million) in the platform in September 2022 and founded the Harappa Global School of Leadership.