Chennai-based edtech startup Skill-Lync lays off employees
In the existing business, the company changed the delivery model to provide better learning outcomes using a combination of technology and experts
Chennai-based ed-tech startup Skill-Lync has laid off employees as it consolidates operations across Chennai, Bengaluru and Hyderabad amid global macroeconomic conditions.
Launched in April 2015 by Surya Narayanan P (CEO) and Sarangarajan V (CTO), the edtech upskilling startup aims to address the lack of quality and application-based learning in the undergraduate engineering education system.
Startup news portal Inc42 was the first to report about the layoffs at Skill-Lync, numbering 400 as per its sources, that likely impacted sales, marketing, tech and talent acquisition teams.
"Given the macroeconomic conditions, we`ve decided to moderate our growth expectations and slow down some of our projects focused on the future," Surya Narayanan, Co-Founder of Skill-Lync, told IANS in a statement.
In the existing business, the company changed the delivery model to provide better learning outcomes using a combination of technology and experts.
"This led to some role redundancy. We`ve decided to consolidate our operations across Chennai, Bengaluru and Hyderabad with only corporate-facing teams operating from Pune/Delhi which further led to some headcount reduction," he added.
Skill-Lync focuses on providing industry-relevant and job-leading courses for engineering students/graduates across all disciplines.
As last reported, it had 30,000 students pursuing coursework curated by global industry experts and validated by more than 350 hiring companies.
There are 6-12 month post-graduate courses focused on providing industry-relevant technical knowledge to students along with a strong portfolio of projects that are aimed to help them get relevant jobs.
Another six-month programme at its physical centres gives students access to hands-on practical experience and is equipped with industry-relevant skills from the experts.
"We`ve also reduced the hierarchy in our organisation for more agile decision-making and accountability," said Surya Narayanan.
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