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.

Byju’s, India’s largest education technology company, with a valuation north of $22 billion, plans to lay off about 12,000 people, nearly 25% of its total workforce, over the next year, according to five people in the know. 

Earlier this month, in separate press statements, co-founder Divya Gokulnath and chief operating officer Mrinal Mohit said Byju’s will lay off 2,500 employees over six months, as the company reduces redundancies, consolidates its subsidiaries into one India business and focuses on sustainable growth and profitability. But the plan is to do larger and deeper cuts across verticals over the next year, according to …


Pradip K. Saha

Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.

Editor, Newsletters