BYJU'S fires over 1,000 employees after promising no more layoffs

05:40:00 PM, Thursday 2nd of February 2023 | in business

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.