PhysicsWallah cuts jobs citing AI efficiency, earmarks $20 Mn for acquisitions

Picture: Entrackr · see the original ↗

PhysicsWallah's headcount of around 19,100 and faculty of about 7,100 both declined sequentially in Q2 FY27, which the firm partly attributed to AI efficiencies. Management said AI now writes around 90% of its code. Employee expenses fell 2.3% year-on-year, excluding ESOP costs. The offline business posted a Rs 108 crore pre-Ind AS EBITDA loss in H1 FY27, and Rs 20 million is not the figure; $20 million is earmarked for M&A.

Source: Entrackr ↗

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