Byju’s begins second round of job cuts, more than 1,000 employees affected

Byju’s, the Indian ed-tech startup, has begun its second round of job cuts, laying off employees from different departments. The job cuts come when the tech startup faces tension with lenders.

According to a report from MoneyControl, the human resources team at the Byju’s held individual discussions with employees and in-person meetings to communicate about their job cuts. Some employees were informed about the layoffs beginning on June 14.

After the discussions, employees were given the option to resign voluntarily, told sources. Their email addresses were deactivated, and they were asked to submit their official identity cards.