Byju's Layoffs
Industry Education · Location Bengaluru · India · Subscribe (RSS)
Byju's has 4 publicly reported layoff rounds on record between October 12, 2022 and April 2, 2024. A total of about 5,500 employees were affected across these rounds.
Layoff history
Byju's cut approximately 500 employees in early April 2024, about 3% of its roughly 15,000-person workforce, as the beleaguered Indian edtech giant continued a restructuring that had already targeted thousands of positions the previous year. The terminations were delivered via phone calls from HR executives, followed by emails, with employees told their last working day was immediate, no notice period served. Workers who asked for a reason were told the company's poor financial condition made the cuts necessary. The affected roles were concentrated in sales, marketing, and teaching functions tied to Byju's tuition centers. The company had been fighting a severe funding crunch, investor disputes, and a sharp markdown in its valuation in the months leading up to the cuts.
Reason: Poor financial condition and ongoing restructuring
Source: business-standard.com
Byju's disclosed a workforce reduction affecting its Bengaluru operations in June 7, 2023. Approximately 1,000 roles were eliminated.
Source: themorningcontext.com
Byju's disclosed a workforce reduction affecting its Bengaluru operations in February 2, 2023. Approximately 1,500 roles were eliminated.
Source: livemint.com
Byju's disclosed a workforce reduction affecting its Bengaluru operations in October 12, 2022. Approximately 2,500 roles were eliminated.
Source: techcrunch.com
Data for Byju's is compiled from public WARN Act filings and reporting linked above. See our methodology.