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WhiteHat Jr News
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WhiteHat Jr, which at its peak had more than 8,000 employees across the country, now has some hundreds of roles left as it never picked up pace and brought revenues for the company.
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In August 2020, Byju's paid $300 million for WhiteHat Jr, a company that teaches coding to youngsters.
The terminated employees were given a month's salary as part of their severance package.
WhiteHat Jr reported a total loss of Rs 1,690 crore in FY21.
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The CEO said in the email that the external macroeconomic environment currently is tough.
He cited situations such as the Russia-Ukraine war, recession fears, and Fed interest hikes.
Edtech startups such as Unacademy, Lido Learning, and WhiteHat Jr, among others.
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The edtech industry is facing turbulent times.
Edtech companies are witnessing a significant dip in the demand for online learning.
Companies are either shutting shop or cutting down on their budgets.
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