BYJU’S to lay off approximately 2,500 employee

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BYJU’S to lay off approximately 2,500 employee

BYJU’S announced that it will lay off approximately 2,500 employees, accounting for 5% of its workforce across product, content, media, and technology teams.

The edtech decacorn, which was last valued at $23 billion and is backed by Prosus Ventures, Sequoia Capital, and other prominent investors, announced in a statement that it has taken drastic steps to achieve profitability by the end of the current fiscal year (FY23). BYJU’S also announced the consolidation of its K-10 acquired businesses, including Toppr, Meritnation, TutorVista, HashLearn, and Scholar, into a single business unit. Great Learning and Aakash, on the other hand, will continue to operate independently. The edtech platform stated that it has laid off employees in order to avoid role duplication and to leverage more technology.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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BYJU’S announced that it will lay off approximately 2,500 employees, accounting for 5% of its workforce across product, content, media, and technology teams.

The edtech decacorn, which was last valued at $23 billion and is backed by Prosus Ventures, Sequoia Capital, and other prominent investors, announced in a statement that it has taken drastic steps to achieve profitability by the end of the current fiscal year (FY23). BYJU’S also announced the consolidation of its K-10 acquired businesses, including Toppr, Meritnation, TutorVista, HashLearn, and Scholar, into a single business unit. Great Learning and Aakash, on the other hand, will continue to operate independently. The edtech platform stated that it has laid off employees in order to avoid role duplication and to leverage more technology.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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