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Byju's had earlier set the target to become profitable by March 2023. Byju's booked a loss of Rs 4,588 crore for fiscal year ended March 31, 2021, 19 times more than the preceding fiscal.
In a statement, the company said it will convene a board meeting in the second week of October for approval and adoption of accounts for FY22.
This comes after the company has decided to lower its employee count by 3,000 to 3,500 this month.
The company has undertaken exercise to reduce workforce by about 3,000-3,500 this month by ending duplication in roles across the organisation.
Edtech major BYJU'S has set the target to become profitable by March 2024 on account of consolidation and restructuring of the organisation and settlement on USD 1.2 billion loan, sources aware of the development said. The company has undertaken exercise to reduce workforce by about 3,000-3,500