BYJU’s fires 1,000 employees in engineering teams
By MYBRANDBOOK
BYJU’s has undergone a fresh round of layoffs, letting go of over 1,000 employees. As per sources people were laid off in every tech team. Steep cuts are happening, in total 15 percent of all engineering teams have been fired, over 1,000 employees. Another source claims that the company has laid off all freshers.
In October last year 30 percent of the tech and engineering team were laid off. As per the company's current employee, “In the previous layoff round, 30 percent of the engineering team was fired. This time additional 15 per cent have been terminated.”
The company said it had laid off 5 percent of its total employees, amounting to 2,500 employees out of 50,000 strong workforce, in October. The company’s founder Byju Raveendran justified the layoffs saying it was a critical step for the company to become profitable.
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