Byju’s set to lay off 2,500 employees to cut costs

The edtech party has been over, evident from the series of layoffs by top players and several shutdowns in the past six months. After firing thousands of employees this year, the Byju’s group is now laying off 2,500 additional employees. According to Byju’s, around 5% of its workforce is expected to be rationalised across product, content, media, and technology teams in a phased manner.