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Byju's plans to reduce headcounts by 12,000 in a cost cutting drive
source link: https://nextbigwhat.com/byjus-plans-to-reduce-headcounts-by-12000-in-a-cost-cutting-drive/
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Byju’s plans to reduce headcounts by 12,000 in a cost cutting drive
about 2 hours ago
Byju’s, India’s largest education technology company, with a valuation north of $22 billion, plans to lay off about 12,000 people, nearly 25% of its total workforce, over the next year.
Earlier this month, in separate press statements, co-founder Divya Gokulnath and chief operating officer Mrinal Mohit said Byju’s will lay off 2,500 employees over six months and focuses on sustainable growth and profitability.
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