Pearson group-owned technology-aided education services company PurpleLeap has sacked more than 250 staff, or half of its workforce, to cut costs, according to reports. People who are axed were paid three months advance salary.
The Bangalore-based technology-aided education services company has been hit by losses over the last two years, according to reports. Pearson, reports said the company needs "realignment of services and customer offerings."
Founded in 2007, PurpleLeap helps colleges produce quality talent for the industry. PurpleLeap works with over 150 academic institutions and 300 companies.
Analysts say, PurpleLeap has been losing business including educational institutions and corporations, to rival Focus Academy and ProHire. PurpleLeap works with over 150 academic institutions and 300 companies.
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