Indian edtech giant Byju’s cuts 2,500 jobs

Indian edtech giant Byju’s said on Wednesday it has eliminated 5% of its workforce, or about 2,500 roles, across multiple departments as it looks to improve its finances and achieve profitability by end of the current financial year, it said.
This the second significant layoff step the startup, valued at $22 billion, has undertaken in recent months. In June, it cut hundreds of jobs. The move comes amid the ongoing global market downturn, which has forced many startups including Byju’s to postpone their plans to file for an initial public offering.
“As a mature organisation that tak

リンク元