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BYJU's co-founder Divya Gokulnath had announced laying off around 2,500 people from the company as it chalks out a path to profitability by March 2023 and hires 10,000 more teachers in the coming year, adding to its current strength of 20,000 teachers.
Edtech major BYJU's expects to register a three-fold growth in revenue and losses to be halved in financial year 2022, according to a top company official.
BYJU's Founder and CEO Byju Raveendran also defended roping in football star Lionel Messi as its global ambassador amid job cuts at the company, saying the decision was taken six months ago.