Edtech startup Practically lays off employees citing cash crunch
Shortpedia
Content Team
Image Credit: Inc42
Hyderabad-based K-12 STEM edtech startup Practically has laid off some employees amid a cash crunch as its last funding round did not materialise. The startup has also failed to pay the salaries of the impacted employees. While the number of employees laid off could not be determined, Practically’s COO and cofounder Charu Noheria, in a statement, said that the headcount has been gradually reduced by 190 employees since mid-August 2022.
