PhysicsWallah cites AI efficiencies for job cuts; offline biz faces profit pressure, earmarks $20 Mn for M&A
PhysicsWallah's Q2 FY27 earnings call showed total headcount falling to about 19,100 and faculty to about 7,100 quarter on quarter, which management partly credited to AI efficiencies in content creation, quality checks and evaluation. The company says AI writes around 90% of its code, and employee expenses fell 2.3% year on year excluding ESOP costs. It is also in advanced talks with two fully online education businesses, with less than $20 million earmarked for acquisitions.
