India-based edtech firm FrontRow has cut nearly 30% of its workforce in a bid to pare costs, reported BusinessLine.
The company said it is prioritizing efficiency through greater automation and focusing on profitable channels, FrontRow founder Ishaan Preet Singh told Business Line. He added that the company will not conduct a massive hiring program.
About 90% of the axed employees are reportedly from the company’s sales division, which had previously seen an aggressive hiring spree that slowed down in April. After the job cuts, the startup will have a workforce of 350 and a runway of almost 24 months.
Founded in 2020, FrontRow aims to address the market for extracurricular activities with courses from Indian celebrities on gaming, music creation, singing, rap, comedy, and playing cricket. It also offers live courses taught by influencers and experts. The courses are priced between 500 rupees (US$6.45) and 3000 rupees (US$38.69).
See also: Indonesia’s Zenius lays off 200+ employees
Currency converted from Indian rupees to US dollar: US$1 = 77.53 rupees.
Editing by Deepti Sri
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