Byju’s CEO emails sorry to staff for not so ‘smooth’ layoffs

The founder and chief executive of edtech unicorn Byju’s told employees on Monday that the decision to fire 2,500 employees had been taken “to protect the health of the larger organization and pay heed to the constraints imposed by external macroeconomic conditions.”

Byju Raveendran also acknowledged in his internal e-mail that the process was “not as smooth” as the company intended. ET has reviewed a copy of the communication.