Byju’s Job Cut News: Edtech startup Byju’s is currently looking to cut costs. The company can fire more employees in this sequence. Let’s know the complete update…
New Delhi: Edtech startup Byju’s will lay off more employees in the coming times. The company is looking to lay off more employees as part of its cost-cutting drive to streamline its operations. Sources aware of the matter have informed that many of the employees the company is thinking of laying off are contractual employees of the on-ground sales team. These employees can be associated with third-party staffing company Randstad and Channelplay.
Byju’s hires or releases contractual employees based on business demand and season.
1000 employees may be laid off
ET has not been able to ascertain how many employees are going to be affected by this decision but a news report has claimed that Byju’s may lay off 1,000 employees in this phase.
The company is looking to cut costs,
Said a person who did not wish to be named. It should come as no surprise that Byju’s is looking to cut costs, especially at a time when growth is in full swing. has stopped and they are looking at developing a hybrid model in collaboration with Akash.
Edtech company Byju’s has been engaged in efforts to reduce costs since last year. For this, the company has taken several steps.
Before this, Byju’s has laid off 1000 employees this year. In this phase, the company had laid off many senior employees related to strategy, technology and product.
