Byju’s lays off 2,500 employees as part of cost-cutting drive: Report

Amid funding freeze being witnessed by Indian startups, edtech major Byju’s has laid off over 2,500 employees across its group companies, said a news report on Wednesday.

“While on June 27 and June 28, Byju’s laid off over 1,500 employees from Toppr and WhiteHat Jr, the two companies it acquired over the last two years, on June 29, it sent out e-mails to nearly 1,000 employees from its core operations teams,” reported MoneyControl while quoting sources.

Bengaluru-based Byju’s, India’s most valuable startup, has laid off full-time and contractual employees from Toppr, WhiteHat Jr, and its core team across sales and marketing, operations, content and design teams, sources told Moneycontrol.