The edtech unicorn, Byju's laid off 5 per cent of employees in October 2022, amounting to 2500 job losses. Citing change in marketing strategy and global expansion as the primary reason for the decision.
The edtech has now, reportedly, laid off more 1000 employees in order to cut down on costs amind the ongoing funding winter.
According to media reports employees belonging to the engineering, sales, logistics, marketing and communications teams received the link slip.
One report claimed that 300 employees were laid off from the engineering team the logistics team has been cut down by 50 per cent.