You can be on Entrepreneur’s cover!

BYJU'S Lays Off 1000 Employees: Report It is also reported that all the freshers have been fired by BYJU'S in this lay off

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Byju's Twitter handle

Edtech unicorn BYJU'S has announced to further cut 1000 jobs or 15% workforce in the engineering team, according to a BT report quoting people aware of the matter.

"Today morning, people were laid off in every tech team. Steep cuts happened in my team too. In total, 15% of all engineering teams have been fired, over 1,000 employees," said the report, quoting an employee working in the engineering team at Byju's.

It is also reported that all the freshers have been fired by BYJU'S in this lay off.

As per reports, BYJU'S had laid off 5% of its total employees accounting 2500 out of 50,000 of its total workforce, reasoning that it was a crucial step for the company to become profitable.

The company's current employee said that in October last year 30% of the tech and engineering team were laid off as per the report.

According to a Moneycontrol report, about 300 employees have been sacked from the engineering team, while the logistics team's strength has come down to 50 percent since October. It is also reportedly said that layoffs are being done by managers and the HR department via Whatsapp messages and Google meetings rather than official mails.

In an internal email to employees in October, Raveendran reportedly said, "Byju's will prioritise rehiring the laid-off employees as it restructures and hires again for 'newly created relevant roles."

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Money & Finance

5 Simple Wealth-Building Tips For This Generation's Forward-Thinkers

Explore practical finance tips for young professionals striving to overcome economic challenges.

Fundraising

Avoid These 9 Pitch Deck Mistakes When Asking Others For Money

Crafting an efficient pitch deck requires serious effort, but at least it's not wandering in the dark since certain rules are shaped by decades of relationships between startups and investors.

Leadership

What We Have to Gain By Talking About Grief and Loss At Work

I lost my husband to cancer during Covid — here's how it changed how I lead at work.

Business News

From Tom Brady to Kevin O'Leary – See Who Lost Big in the Wake of the FTX Crypto Collapse

The crash exposed an $8 billion hole in FTX's accounts, leaving investors and customers scrambling to recoup their funds.

Business News

This Highly-Debated Piece of Cinematic History Just Sold For Over $700,000 at Auction

The wood panel from "Titanic" is often mistaken as a door. Either way, he couldn't have fit. (Sorry.)