Amid layoffs, clutch of edtech firms roll out hikes and ESOPS

Edtech startups like Eruditus and Emeritus, Classplus, BrightCHAMPS, among others, are looking to reward employees through increments. Others like LEAD and upGrad are giving out generous stock options, while Vedantu, which has had four rounds of layoffs, will be giving out incentives with no upper limits/caps to employees achieving defined milestones and a performance-based year-end bonus.