How BYJU'S, upGrad, others are struggling in 2023?
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Edtech major upGrad has fired 30% of the workforce at its subsidiary 'Campus.' This marks the second time an upGrad-owned company has laid off employees this year. upGrad is not the only edtech company to axe employees this year. The list includes BYJU's and DUX Education, among others. One of the major factors behind the edtech meltdown in 2023 is the slowdown in funding.