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Byju's to lay off up to 3,500 employees this fiscal

Edtech major Byjus may lay off up to 3,500 employees during the current fiscal as it looks to consolidate teams and enhance regional focus, sources privy to the development said. According to one of the sources, Byjus had over hired people at the time of Covid pandemic due to sudden jump in online education, but the demand has now receded, for which the company needs to do course correction. There has been no retrenchment as of now.
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Source: rediff.com

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Byju's: ETtech Exclusive: New Byju's CEO Arjun Mohan plans to merge businesses; cut more than 5,000 jobs

Mohan, in his second stint at Byjus after heading edtech rival UpGrads India business, has briefed senior company executives that he will be merging several business verticals as part of the changes that are expected to be rolled out later this week or early next week.
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