Ed-tech platform Eruditus Group, which is valued USD 3.2 billion, is laying off a section of its employees, India and globally, as a part of its business restructuring to focus on profitability.
Eruditus Group owns Eruditus Executive Education and Emeritus. Eruditus partners with over 50 universities such as MIT, Columbia, Harvard, and Cambridge to offer executive education. It employs close to 2,300 employees in India and globally.
In a LinkedIn post, two employees from the company, co-founded by Ashwin Damera, had stated that they were a part of a large number of people who were laid-off in the company. “Close to 50 percent of our talent acquisition team was let go after navigating hyper-growth the past 12 months,” their LinkedIn post read.