Photo: Shutterstock
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Photo: Shutterstock
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Edtech major BYJU's has laid off further 15 per cent of its employees from its engineering teams, as the company continues phased layoffs to remain growth-oriented in global economic meltdown.
According to sources, the company in a fresh round of layoffs has asked more than 1,000 workers (or 15 per cent) to go, mostly from its engineering teams.
When reached, the company immediately declined to comment.
BYJU's last year decided to lay off as many as 2,500 employees or 5 per cent of its workforce in order to achieve profitability by March 2023.
In India, more than 21,000 employees have been laid off by more than 70 startups to day, including from unicorns like BYJU'S, Ola, MPL, Innovaccer, Unacademy, Vedantu, Cars24, OYO, Meesho, Udaan and many more.
The edtech sector has laid off the most employees, with 16 edtech startups laying off more than 8,000 employees to date.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Thu, February 02 2023. 19:05 IST
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more
Author: Ricardo Goulart ... Read more
Author: Gerardine Lucero  ... Read more
When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more