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Scaler's Restructuring Moves: Upskilling Startup's Pivot Towards Sustainable Growth

Tech upskilling startup Scaler has recently undergone a significant restructuring, leading to the layoff of approximately 150 employees. This move, aimed at ensuring long-term growth and sustainability, marks the first instance of layoffs at the Bengaluru-based company since its establishment in 2019.

Abhimanyu Saxena, co-founder of Scaler, emphasized the company's commitment to providing the best learning experience for its users while achieving sustainable growth. He stated, "As part of this restructuring, we identified some functions/roles, primarily in marketing and sales, in the company that we had to part ways with…"

Saxena clarified that the decision was not based on performance and assured that all affected employees would receive the necessary support for a smooth transition.

Scaler specializes in upskilling college students and tech professionals through an intensive six-month computer science course delivered via live classes by tech leaders and subject matter experts.

Having raised over $75 million from investors such as Lightrock India Peak XV Partners and Tiger Global, Scaler was on the verge of becoming the seventh unicorn from the edtech space. In the fiscal year ending in March 2023, the company's revenue from operations surged by 388% to Rs 317 crore, although it recorded a loss of Rs 330 crore, a 90% increase from the previous fiscal year.

Scaler faces competition from Newton School, Masai School, and Simplilearn. More than 1,100 employees were laid off in the Indian startup ecosystem during the first quarter of 2024. Swiggy topped the list with 350 layoffs, followed by, InMobi, and Pristyn Care with 150, 125, and 120 layoffs, respectively.


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