A day after edtech behemoth Byju’s announced plans to lay off 5% of its 50,000-strong workforce in order to achieve profitability through rationalization, another edtech firm, FrontRow, has followed suit.
As businesses in the online education sector reevaluate cost structures, FrontRow, which focuses on non-academic learning, has laid off 130 employees (nearly 75% of its personnel), in marketing, sales, engineering, and product.
FrontRow has already experienced two layoffs after letting go of about 145 full-time and contract workers in May of this year. FrontRow’s overall headcount has been cut to 40-45 people following the second round of layoffs.
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