Physics Wallah may lay off up to 120 employees
New Delhi, Nov 19: Edtech firm Physics Wallah may lay off up to 120 employees due to performance issues, according to the company.
The company in a statement said that less than 0.8 per cent of its total workforce will be impacted due to the performance review exercise.
"At PW, we regularly assess performance through mid-term and end-term cycles. For the cycle ending in October, less than 0.8 per cent of our workforce, ranging from 70 to 120 individuals with performance concerns—may be asked to transition.
"Our primary focus remains on fostering a dynamic, high-performing team. We plan to hire an additional 1,000 employees in the next six months," PW, CHRO, Satish Khengre said in a statement.
The company has around 12,000 employees.
Several edtech companies, including unicorns like BYJU'S and Unacademy had hired excess staff to meet the sudden spike in demand for online classes during the COVID period.
This is the first mass lay-off that has been announced by Physics Wallah (PW).
"We deeply value the dedication of our existing employees and recognize their integral role in shaping the future of education technology," Khengre said.
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Cristiano Ronaldo scores his 100th Saudi Pro League goal
Riyadh (AP): Cristiano Ronaldo scored his 100th Saudi Pro League goal as Al-Nassr beat Al-Shabab 4-2 to move five points clear at the top of the table.
The 41-year-old forward converted a Sadio Mané cross at the near post with 15 minutes remaining to record the 971st goal of his career on Thursday. It was also his 26th league goal of the season.
“Ronaldo is always dangerous going forward and we saw that again today,” Al-Nassr coach Jorge Jesus said.
João Félix, signed from Chelsea in July, scored three goals for the league leaders.
The win took Al-Nassr to 82 points from 32 games, five ahead of Al-Hilal, which has three matches, one more than Nassr, left to play. Al-Hilal meets Al-Kholood on Friday and faces Nassr on Tuesday in what could be a title decider against its Riyadh rival.
“Now we have a derby match against our rival, which is a difficult encounter,” Jesus said.
“We are fully aware of its importance, and we are dealing with it with complete focus as we know that small details could decide the result.”
Ronaldo, a five-time Ballon d'Or winner, has yet to secure a major trophy in Saudi Arabia since signing with Al-Nassr in December 2022.
