A new round of layoffs at edtech unicorn BYJU’s resulted in the dismissal of over 1,000 employees.
30% of the engineering staff was sacked during the last round of layoffs. This time, 15% more people have been let go, according to an employee at the edtech company.
The company said in October that it had let go 5% of its whole workforce, or 2,500 employees out of a total of 50,000. Byju’s Raveendran, the owner of the company, defended the layoffs by arguing that it was a necessary step for it to achieve profitability.
This news is written by Mr. Manpreet Rathor, Research Assistant, All India Legal Forum.