Educomp cuts 3,500 jobs

Education solutions provider Educomp Solutions, on Friday said it had cut 3,500 jobs in the last three months and had also initiated measures to spur growth.

“Educomp has announced a slew of measures aimed at putting the company back on a growth trajectory at a time when market sentiment is adversely impacting bottom lines across industry, and has pushed the education sector into negative growth territory,” it said in a release.