Focused on cutting costs, Byju’s to skip campus placements this year

Byju’s will not conduct campus placements this year as the company is undertaking extensive cost-cutting measures, according to a Mint report. As part of its cost-reduction drive, the edtech firm has laid off more than 13,000 employees in the past year. Several engineering colleges, which include some of the Indian Institutes of Technology (IIT)s, have been in discussions with Byju’s about campus recruitment. However, they are yet to receive any confirmation about the hiring schedule, the report noted.

Citing an individual familiar with developments in the company, the report stated, “Byju’s is unlikely to hire from any campus this year, and it will take about 6-7 months for the restructuring in the company to be completed.