edited by: Mohammad Haris
Last Update: February 02, 2023, 17:35 IST
In October too, Byju’s had said it would lay off around 2,500 employees across departments to cut costs amid mounting losses.
The report said, “In the latest round of layoffs, Byju’s has fired all the freshers.”
Edtech unicorn Byju’s is laying off over 1,000 employees business today The report quoted people familiar with the matter. Of these, 15 per cent employees are in engineering roles.
“This morning, people were fired in every tech team. There were sharp cuts in my team as well. Overall, 15 per cent of all engineering teams have been furloughed, more than 1,000 employees,” the report quoted an employee working in Byju’s engineering team as saying.
It also said that the company has fired all freshers in the latest round of layoffs.
In June too, Byju’s had said it would lay off around 2,500 employees across departments to cut costs amid mounting losses. The company had said, “To avoid redundancy and duplication of roles, and by better leveraging technology, approximately five per cent of Byju’s 50,000-strong workforce will be rationalized in a phased manner across product, content, media and technology teams.” have hope.” ,
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