Byju’s to lay off nearly 12,000, a quarter of its staff
As the company goes into a cost-cutting mode, chasing profitability, the number of job losses could be many times the number Byju’s has put out.

Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Internet
You may also like
Does a for-profit motive hurt education?
A popular argument is that we must be wary of private equity investment in education because these funds operate with a profit motive that results in high fees and poor outcomes. This is selective hypocrisy complicated by a lack of choice.
Wakefit built a Rs 1,000-crore mattress brand. Now it wants to do a full-stack
A pioneer in the online D2C mattress market, the startup is eyeing the public markets on the strength of its expanded home and furnishings presence. Will its next decade be as good as the one behind it?
UAE and Saudi Arabia put up a good show in global university rankings
The latest QS rankings are proof that the Gulf’s investments in higher education are beginning to show results.