BYJU'S fires over 1,000 employees after promising no more layoffs
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BYJU'S, the world's most valuable edtech company, has been struggling due to slow revenue growth and scarcity of funding. The company has now decided to slash over 1,000 jobs as part of a new cost-cutting initiative. In October last year, BYJU'S axed 2,500 staffers, or 5% of its workforce. The new round of layoffs will be in addition to that.