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Sharan Hegde’s The 1% Club Fires 15% Workforce
- Financial edtech platform, The 1% Club, founded by Sharan Hegde, has laid off 15% of its workforce.
- The layoffs were attributed to hiring mistakes, redundant expenses, and AI-led automation.
- The company claimed to offer a healthy severance package and is focusing on AI-driven cost savings.
- The 1% Club is currently generating $8 Mn in annualized revenue and has 85,000 active paying customers.
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