News: Layoff 2023: BYJU's sacked nearly 1,500 employees

Strategic HR

Layoff 2023: BYJU's sacked nearly 1,500 employees

The latest round of reported job cuts has impacted people employed in design, engineering and production verticals.
Layoff 2023: BYJU's sacked nearly 1,500 employees

The Tiger Global-backed edtech unicorn BYJU’s in another round of layoff has handed over pink slips to around 1,500 employees. The latest round of reported job cuts has impacted people employed in design, engineering and production verticals.

Earlier in October last year, BYJU’s laid off around 2,500 employees accounting for 5% of its workforce. The company had announced a job cut of about 5% of its 50,000 workforces across departments including product, content, media, and technology in phases in the next six months.

The latest round of layoffs has come after BYJU’s reportedly decided to outsource some functions in areas like operations, logistics, customer care, engineering, sales, marketing and communications, and, other teams.

According to Mint, those affected due to the latest round of layoffs were not communicated via email or any other medium. They were directly handed pink slips in the office.

Despite the resumption of economic activities, job cuts have been hitting the headlines since 2022. Recession, inflation, employment crisis, or economic downfall are held responsible for the round of layoffs at Amazon, Meta, Zomato, Salesforce, and Ola to name a few have collectively laid off more than 90,000 staff globally.

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Topics: Strategic HR, #Layoffs

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