In the wake of layoffs, hybrid models and changing business strategies in a struggling edtech sector, teachers are having to adapt and reorient as never before
Shilipi Chatterjee is in a classroom for the first time. The one with a chalk, blackboard and children sitting in front of her instead of on the other side of a computer screen.
It’s a new experience for the 25-year-old BEd graduate from Delhi, who had only taught in an edtech setup before. It is perhaps not something Chatterjee would have considered as an immediate career step, had she not been laid off in April from her job as a teacher at edtech startup Udayy.
The Bengaluru-based venture for kindergarten to class 8 students shuttered after three years of operations, as there was no clear path to profitability, laying off about 100 to 120 employees, as per media reports. “Despite having several months of runway in front of us, we made this decision because neither did we want to burn investors’ and LPs hard-earned money nor did we want to waste teams’ time on a business which we knew was doomed to fail,” said co-founder Mahak Garg in a LinkedIn post.
Chatterjee speaks fondly of her time at Udayy and how the co-founders handled the unfortunate situation with maturity, transparency and respect. She also received a severance package until June. “But what after that?” she says, recollecting how she scrambled to find a job.
(This story appears in the 01 July, 2022 issue of Forbes India. To visit our Archives, click here.)