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However, the report mentioned, citing sources, Byju's is making the payments in stages on a weekly basis, and has already fulfilled the instalments due in October. 📲 BYJU's Delays Payment After Shifting Date of FNF Payment of Laid Off Employees From September to November. ....
From 2022 to date, approximately 95 startups have laid off nearly 31,965 employees, according to Moneycontrol s layoff tracker, as they aim to reduce expenses and prioritise profitability. ....
“Byjus new India CEO, Arjun Mohan, will be completing this process in the next few weeks and will steer a revamped and sustainable operation ahead,” the spokesperson added. ....
The job cuts are being implemented only at Byjus parent, Think & Learn (THIK.NS), and are not linked to any of its subsidiaries, the report said, adding that a significant number of roles to be made redundant would constitute senior positions at the firm. ....
Byju's Lay Off 2023: Edtech major BYJU's may lay off up to 3,500 employees during the current fiscal as it looks to consolidate teams and enhance regional focus, sources privy to the development said. ....