CosmicTaco

Aakash Closes Digital Classroom Programme Amid Job Cuts

CosmicTaco · 2024-10-16T09:03:51.152431+05:30

- Aakash Educational Services Limited (AESL) has reportedly shut down its digital classroom programme, integrating its employees with its sales system. - This follows reports of Aakash firing around 200 employees between August and September. - Many employees were given the option of accepting a salary cut to continue their stint at the company. - AESL was acquired by edtech giant BYJU’S in a cash-and-stock deal for $1 Bn in 2021. - MEMG’s chairperson Ranjan Pai is now the largest shareholder of Aakash with about 40% stake. Source: [Inc42](https://inc42.com/buzz/after-job-cuts-aakash-shuts-digital-classroom-programme/)

Aakash Educational Services Limited (AESL) has reportedly shut down its digital classroom programme, integrating its employees with its sales system.
This follows reports of Aakash firing around 200 employees between August and September.
Many employees were given the option of accepting a salary cut to continue their stint at the company.
AESL was acquired by edtech giant BYJU’S in a cash-and-stock deal for $1 Bn in 2021.
MEMG’s chairperson Ranjan Pai is now the largest shareholder of Aakash with about 40% stake.

Source: Inc42