ByteDance is shutting down its edtech enterprise in India, the corporate knowledgeable the native crew on Monday, in keeping with two sources instantly acquainted with the matter.
The choice follows weeks-long dialogue by which the corporate additionally explored migrating India crew to work with the European edtech enterprise, in keeping with the sources acquainted with the matter. A lot of the staff, if not all, are being let go, one of many sources mentioned. The edtech division employed over three dozen individuals in India.
The corporate did not instantly reply to a request for remark.
Whilst ByteDance’s marquee providing, TikTok, was banned in India last year, a minimum of two of its companies — Snapsolve, the training studying app, and music streaming service Resso — have remained operational within the nation. ByteDance, which cut down much of its India workforce last year, continued to make use of individuals within the music and edtech enterprise.
However each the verticals stayed low-key within the nation and staff had been advised to not discuss in regards to the enterprise publicly, in keeping with many acquainted with the matter.
It is a creating story. Extra to comply with…