look news india
Byju has announced the layoff of those working in the sales department in the latest round of layoffs. No prior notice was given to the employees for this.
Now it seems that after a few days the offices of BYJAS will become vacant. The company, which is facing cash crunch, has closed many of its verticals and offices one after the other, while layoffs are continuing. Now once again large scale layoffs have been announced in Byju's.
Byju has announced the layoff of those working in the sales department in the latest round of layoffs. No prior notice was given to the employees for this.
More than 500 employees were furloughed on one call
This time's retrenchment in Byju's could affect up to 500 employees. This time these employees got a call from the HR department on 31st March. During the call itself, he was told that the company has started the process of firing him from the job and the process of exit is also being started immediately. The last working day of those employees was March 31.
Layoffs continue at BYJU's
This is not the first time that such an incident has happened in Byju's. At the beginning of last month, this online edtech company had closed more than 20 of its regional offices. These were opened in Delhi, Gurugram, Mumbai, Pune, Hyderabad, Chennai and other cities. The company had then said that it had started the process of restructuring its office space a few months ago under the leadership of CEO Arjun Mohan. Now the decision to close all regional offices to cut costs has been finalized.
After this the company also announced the closure of 30 of its tuition centres. After acquiring Aakash Educational Services, Byju's also started opening its own tuition centers across the country. In late March, it closed 30 of its 292 tuition centres. Byju says that this is one of its solutions to reduce expenses.