FrontRow, a learning platform for non-academic skills, has given the pink slips to 130 employees, including employees from engineering, product, sales and marketing teams. The job cuts are part of the company’s plan to focus on improving its spending structure.
In May of this year, the ed-tech start-up cut 145 full-time and contract jobs, and its headcount is down to about 45 people after another round of layoffs.
He added that the company’s sales and marketing plans are not working according to the current delivery model and therefore the company has decided to lay off a number of employees.
It is worth noting here that FrontRow in September last year raised $14 million as part of its Series A, led by Eight Roads Ventures and GSV.
The financial newspaper quoted Singh as saying that the belief in the market and the need is still strong, and there are a lot of people who want to get better at their passions and have been grossly underserved in India and beyond. The company will continue to give them a solution though in an improved avatar.
Founded in 2020, FrontRow provides coaching in non-academic courses including music, singing, photography, cricket, filmmaking and so on by experts. These include cricketers Suresh Raina, Yuzvendra Chahal, Bhuvneshwar Kumar and Bollywood singer Neha Kakkar.
Many experts are of the opinion that the global economic crisis and the reopening of schools and colleges have plunged the ed-tech sector into crisis. Declining valuations as well as slower funding cycles have forced the ed-tech industry to become leaner and meaner.
Ed-tech startups Unacademy, Vedantu, FrontRow, Lido, Frontrow among others have cumulatively laid off thousands of employees this year.