Byju's massive restructuring to affect 3,500 employees
The restructuring will have an impact on 3,000-3,500 jobs, Fortune India has learnt.
byjus layoffs
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Messi as brand ambassador amidst layoffs; did Byju's get the timing wrong?
The layoffs announced by the global tech giants were on the cards, but the way the developments are unfolding an erosion of brand value at least in the short-term is imminent.
Amid layoffs, Byju's ropes in Lionel Messi as brand ambassador
The development comes days after India's most valued startup said it will lay off 2,500 employees.
Byju’s standalone loss surges to ₹2,702.14 cr in FY21
Byju's standalone income, which comprises its K-12 business, stood at ₹1,551.64 crore in FY21, while it reported a massive jump in expenditure at ₹4,253.78 cr.
Byju's to aim for profit with 2,500 job cuts by March 2023
These measures will help us achieve profitability in the defined time frame of March 2023, says Byju's.
Byju's results 'second blockbuster' after 'Brahmastra': Divya Gokulnath
Byju's had earlier claimed that the rationalised growth between FY21 and FY20 is a result of the changes made in the way the company recognises its revenue.
What ails Byju's?
Conversations with the start-up’s past and present employees indicate that certain business verticals may be staring at a subdued growth.
If you know your intent is right, and you are working towards betterment, nothing matters: Byju's Gokulnath
India's most valued startup and edtech leader Byju's has of late been caught in a maze of dispiriting occurrences.
