More layoffs at Byju's; two-year total at 10K
Financial Express Mumbai|April 03, 2024
EDTECH MAJOR BYJU'S is understood to have initiated another round of layoffs since March 31 and sources aware of the matter said close to 500 employees have been impacted.
ANEES HUSSAIN

Over 50% of the affected employees are from various Byju's Tuition Centres (BTC) that have been shut over the past week, sources added.

The company, which claimed to have around 15,000 employees on its payroll until last month, had in October last year announced that it would lay off around 4,500 employees across all functions as part of its cost cutting strategy under the newly appointed India CEO Arjun Mohan. In the past two years, the company has laid off around 10,000 employees across functions.

هذه القصة مأخوذة من طبعة April 03, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة April 03, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من FINANCIAL EXPRESS MUMBAI مشاهدة الكل
Financial Express Mumbai

Murdoch ally helps Ambani build media empire in India

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Pandya, Dube & Rinku: Can they finish for India at T20 World Cup?

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Samsung eyes ₹10,000 cr from India TV biz this year
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Samsung eyes ₹10,000 cr from India TV biz this year

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Microsoft AI Copilot speed boost for coding

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US, China debt pose risks for global public finances: IMF

THE WORLD's TWO great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund said in a report.

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Language models in consumer tech

This move is designed to ensure better user experience & privacy

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'Data centres' energy use doubles every four years'

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Vi FPO: Foreign players invest big; about ₹5,400 crore raised

GQG, Fidelity buy almost 40% of the anchor investor portion

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