Aakash Fires 80 Employees Amidst Business Model Shift

CosmicTaco · 2024-09-19T09:26:42.536917+05:30

- Aakash Educational Services Limited (AESL) has laid off around 80-100 employees, including senior and middle-level executives. - The layoffs are part of a shift to a new business model, as confirmed by an AESL spokesperson. - AESL, acquired by BYJU'S in 2021, has been involved in legal disputes with the edtech giant. - MEMG chairperson Ranjan Pai has emerged as the largest shareholder of Aakash, holding about 40% stake. - Despite the layoffs, AESL plans to be net hirers by the end of the year as part of their Aakash 2.0 strategy. Source: [Inc42](https://inc42.com/buzz/aakash-fires-about-80-employees-citing-shift-to-a-new-business-model/)

Aakash Educational Services Limited (AESL) has laid off around 80-100 employees, including senior and middle-level executives.
The layoffs are part of a shift to a new business model, as confirmed by an AESL spokesperson.
AESL, acquired by BYJU'S in 2021, has been involved in legal disputes with the edtech giant.
MEMG chairperson Ranjan Pai has emerged as the largest shareholder of Aakash, holding about 40% stake.
Despite the layoffs, AESL plans to be net hirers by the end of the year as part of their Aakash 2.0 strategy.

Source: Inc42