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Edtech major Byju's is going to lay off 4,000-5,000 employees in a "business restructuring exercise" in the coming weeks, the media reported on Tuesday.According to TechCrunch, Byju's will go through the restructuring exercise "to ...
Indian education firm Byju's plans to cut around 5,500 jobs to decrease costs amid a restructuring of its business, the Economic Times reported on Tuesday.Arjun Mohan, who took over as the chief executive of the company's India business, has briefed senior executives that he will be merging several busine
Byju's parent company, Think & Learn, is the only entity affected by the job cuts
The affected workforce will include senior executives, which will reduce the firm’s high cost of senior management-related expenses
These job cuts come at a time when the embattled edtech unicorn is grappling with a tight liquidity situation.