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Edtech startup Teachmint laid off 45 employees

Edtech startup Teachmint laid off 45 employees, or around 5% of its workforce, last week, sources told Inc42.

According to the sources, the laid-off employees were from the sales and operations teams. The startup provided a three-month severance package and extended health coverage to the affected employees. It would also hasten ESOP vesting for affected employees. Teachmint blamed the layoffs on its efforts to improve long-term efficiencies and eliminate redundancies. According to Inc42's layoff tracker, Indian startups have fired over 16,000 employees so far in 2022.

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