Byju’s Dismisses 500 Workers; Details Here!!Byju’s (stylised all caps) is an Indian multinational educational technology company, headquartered in Bangalore. It was founded in 2011 by Byju Raveendran and Divya Gokulnath. As of March 2022, Byju’s is valued at US$22 billion and has over 115 million registered students. Now the company lays off 500 employees. Check details here.
Due to COVID all the schools, colleges & Companies are closed since 2020. Now the COVID count gets decreased and all the situations are getting into normal. Now the employees are requested to return office but many of them refused to come and resigning the jobs. According to this the Byju’s companies laying of the 500 employees. Earlier in April 250 Employees lays off from the company.
A spokesman for WhiteHatJr responded to a question regarding the layoff by saying, “To better line with our business priorities, we are optimising our team to expedite results and best position the company for long-term success.” Toppr, a learning platform and another BYJU’S group company, has let go of about 200 workers. For $150 million, BYJU’S purchased Toppr the previous year.
For kids in kindergarten through grade twelve, Toppr offers a learning app. A representative for BYJU’S said regarding layoffs, “We are optimising our teams across our group companies in order to realign our business priorities and accelerate our long-term growth.”
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Vedantu, the unicorn of the edtech industry, just let 424 employees go and anticipates funding shortages in the upcoming quarters. It predicted that money will be limited in the upcoming quarters. Along with Vedantu, FrontRow and Unacademy have also let go of a large number of their staff members. Udayy, a different edtechstartup that launched in April 2020 amid the pandemic, has ceased operations.
500 employees have been laid off by Byju’s across all of its group companies, and Toppr has now joined the list of portfolio companies doing the same. The figure includes the 300 employees who were let go by the coding platform WhiteHat Jr. A representative for Byju stated, “We are optimising our teams across all of our group companies to realign our business goals and spur long-term growth. Follow our site for daily updates regarding this.
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