Byju’s slashes around 15% roles, mostly in engineering, as phased layoffs on
Edtech major Byju’s has laid off a further 15 per cent of its employees from its engineering teams, as the company continues phased layoffs to remain growth-oriented in a global economic meltdown.
According to sources, the company in a fresh round of layoffs has asked more than 1,000 workers (or 15 per cent) to go, mostly from its engineering teams.
When reached, the company immediately declined to comment.
Byju’s last year decided to lay off as many as 2,500 employees or five per cent of its workforce in order to achieve profitability by March 2023.