According to the startup, the restructuring exercise will help it reach long-term growth and sustainability, reports Inc42.
Abhimanyu Saxena, founder of Scale, was quoted as saying, "As part of this restructuring, we identified certain functions/roles in the company, primarily marketing and sales, that we had to delink."
Furthermore, the company noted that the job cuts were not based on performance and assured all affected workers that they will be provided the necessary support for a smooth transition.
The latest development comes almost a year after the edtech startup acquired Delhi-based PepCoding for an undisclosed amount to boost its business ecosystem.
Scaler has acquired four companies in the last two years, including AppliedRoots, Coding Minutes and Coding Elements.
Launched in 2019, Scaler is backed by global investors such as Sequoia Capita India, Tiger Global and LightRock India. It had last raised $55 million in a Series B funding round, valuing the startup at over $700 million.
Abhimanyu Saxena, founder of Scale, was quoted as saying, "As part of this restructuring, we identified certain functions/roles in the company, primarily marketing and sales, that we had to delink."
Furthermore, the company noted that the job cuts were not based on performance and assured all affected workers that they will be provided the necessary support for a smooth transition.
The latest development comes almost a year after the edtech startup acquired Delhi-based PepCoding for an undisclosed amount to boost its business ecosystem.
Scaler has acquired four companies in the last two years, including AppliedRoots, Coding Minutes and Coding Elements.
Launched in 2019, Scaler is backed by global investors such as Sequoia Capita India, Tiger Global and LightRock India. It had last raised $55 million in a Series B funding round, valuing the startup at over $700 million.
