Monday, September 25, 2023

BYJU is cutting more than 1,000 jobs, mostly from the engineering teams

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New Delhi, Edtech major BYJU’s has laid off an additional 15 percent of its employees from its engineering teams as the company continues with phased layoffs to stay focused on growth in the global economic meltdown.

In a new round of layoffs, the company has asked more than 1,000 employees (or 15 percent) to leave, mostly from its engineering teams, according to sources.

When reached, the company immediately declined to comment.

BYJU decided last year to lay off as many as 2,500 employees or 5 percent of its workforce to be profitable by March 2023.

In India to date, more than 21,000 employees have been laid off by more than 70 startups, including from unicorns like BYJU’S, Ola, MPL, Innovaccer, Unacademy, Vedantu, Cars24, OYO, Meesho, Udaan and many more.

The edtech sector has laid off the most workers, with 16 edtech startups laying off more than 8,000 workers to date.

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