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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Employees across the edtech giant’s category and strategy teams are likely to be affected the most.
Editor's note: Edtech major Byju’s, India’s most valuable unicorn last valued at $22 billion, is letting go of up to 5,000 employees across verticals, according to a person in the know. Most of the layoffs are expected to be across its category and strategy teams. “The earlier round, in which about 15,000 people were let go, is over,” says the person cited above, asking not to be named. “This new round of layoffs was decided internally about two weeks ago.” In October, the Bengaluru-based company had said it would lay off 2,500 people over six months. The same month, we reported that Byju’s could fire up to 12,000 employees over a year, which it denied. However, data from the Employees’ Provident Fund Organization sourced from corporate data provider Crediwatch shows the company processed provident funds for 32,720 employees in November, compared with 50,618 in September and an all-time high of 58,334 in June. “There are massive layoffs happening right now,” says a second person in the know, asking not to be named. “Almost all of the K10 team, which is around 500+ …
Employees across the edtech giant’s category and strategy teams are likely to be affected the most.
Editor's note: Edtech major Byju’s, India’s most valuable unicorn last valued at $22 billion, is letting go of up to 5,000 employees across verticals, according to a person in the know. Most of the layoffs are expected to be across its category and strategy teams. “The earlier round, in which about 15,000 people were let go, is over,” says the person cited above, asking not to be named. “This new round of layoffs was decided internally about two weeks ago.” In October, the Bengaluru-based company had said it would lay off 2,500 people over six months. The same month, we reported that Byju’s could fire up to 12,000 employees over a year, which it denied. However, data from the Employees’ Provident Fund Organization sourced from corporate data provider Crediwatch shows the company processed provident funds for 32,720 employees in November, compared with 50,618 in September and an all-time high of 58,334 in June. “There are massive layoffs happening right now,” says a second person in the know, asking not to be named. “Almost all of the K10 team, which is around 500+ …
The UAE-based school operator is making a move into Saudi Arabia as it enters its biggest expansion phase yet.
The investment signals a shift from structured learning to bite-sized, bingeable learning that mixes entertainment with education. But can it deliver real-world skills?
American online dating companies have quietly put their India operations on the back burner, with cuts in team sizes and growth spends. What gives?
The UAE-based school operator is making a move into Saudi Arabia as it enters its biggest expansion phase yet.
The investment signals a shift from structured learning to bite-sized, bingeable learning that mixes entertainment with education. But can it deliver real-world skills?
American online dating companies have quietly put their India operations on the back burner, with cuts in team sizes and growth spends. What gives?
