Job cuts: The company made this decision at a time when it was in court over a $1 billion debt. Byju had already said that it would lay off about 2,500 workers over the next six months, starting in October 2022.
Byju’s Company: As part of the restructuring process, the edtech giant Byju’s has let go of about 1,000 employees. The sources gave information about this.
People who knew what was going on said that the people who were fired worked in different departments. A source said that about 1,000 workers were let go. But as new people join the company, the total number of people who work there stays around 50,000.
Also, Read Job Cuts: Big update….! Now 30% employees can be fired from this company, know details here
Entered into legal dispute in US court
Table of Contents
The company made this decision at the same time that it went to court in the US over a $1 billion debt. Byju had already said that it would lay off about 2,500 workers over the next six months, starting in October 2022.
The source also said that the recent layoffs are part of the company’s plan to cut costs.
First 2500 people were fired
About 5% of the company’s 2,500 workers were fired in the six months after October 2022. Because it said it would start making money by March 2023.
Byju’s founder and CEO, Byju Raveendran, told employees in October that there wouldn’t be any layoffs after the company reached 2,500 workers.
Also, Read This Company forced by High Court to take back 80 fired employees
It is likely that the layoff happened on June 16. In this case, the employees were fired in person and over the phone.
Byju is one of the most successful new businesses in the country. About 50,000 people work for this company.
source – discountwalas.com
Also, Read
11 Common Software Testing Myths Busted
Unveiling Hidden Bugs: The Power of Exploratory Manual Testing
Selenium and Cucumber Framework Interview Questions and Answers
Test Automation with BDD Cucumber – PDF Free Download
