Byju's Fires 1000 Employees In Latest Round Of Layoff: Report
In earlier rounds of layoff in October, Byju's had laid off 2,500 employees, nearly 5 per cent of its workforce
Photo Credit : Byju's/Twitter,
Edtech unicorn Byju’s on Thursday fires over 1,000 employees, according to media reports.
As per the reports, out of these, 15 per cent of staff are in engineering roles.
It also said all freshers have been fired by the company in the latest round of layoffs.
In October also, Byju’s had said it will lay off about 2,500 employees across departments to cut costs amid mounting losses.
“To avoid redundancies and duplication of roles, and by leveraging technology better, around five percent of Byju’s 50,000-strong workforce is expected to be rationalised across product, content, media, and technology teams in a phased manner," said the company had said.
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