Aakash Educational Services Limited (AESL) has reportedly discontinued its digital classroom service

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The company has merged workers from the Aakash Digital Classroom Program (AD-CRP) with its "sales system" to sell all Aakash offerings

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Aakash's digital classroom program attracted around 750 employees from BYJU'S, which formerly owned the company until March

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Aakash sacked over 200 employees between August and September, as reported last month

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Employees at BYJU'S were given the choice of accepting a lower salary to stay with the company

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According to sources, layoffs have been ongoing for the past two weeks, mostly affecting the "Associate level" of the AD-CRP team

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In 2021, AESL was acquired by BYJU'S for $1 billion in cash and equity

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In 2021, AESL was acquired by BYJU'S for $1 billion in cash and equity

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Ranjan Pai, chairperson of MEMG, now owns around 40% of Aakash, an offline tutoring chain

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Aakash stated that it was on track to generate an operating revenue of INR 2,325.1 Cr in fiscal year 202-23 (FY23), up 63% from INR 1,421.2 Cr in the previous fiscal year

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