Overall job cuts no more than 5% to avoid role duplication: Byju Raveendran

Amid the brouhaha over alleged forced termination at edtech major BYJU’s, its founder and CEO Byju Raveendran on Monday told employees that there is a huge price to pay for walking on the path to profitability and the company will part ways with 5 per cent or 2,500 employees to “avoid role duplication across our businesses”.

In a letter to employees seen by IANS, Raveendran said that bringing those who are parting ways “back by putting our company on a sustainable growth path will now be the number 1 priority for me”.

“I want to emphasise that the overall job cuts are not more than five per cent of our total strength,” he said.