Byju’s to Lay Off more than 1,000 More Employees

Edtech giant Byju's is planning to lay off at least 1,000 more employees. The layoffs are expected to affect employees across all levels, including sales, marketing, and product.

The layoffs come as Byju's faces increasing competition from other edtech startups and as the overall education market has slowed down. In January, Byju's laid off 5,000 employees, and the company has also been facing financial challenges.

Managers have been directed to sack two employees each from the sales and marketing teams of its 280 tuition centres in India, Hindustan Times reported, citing Economic Times’ report.

Byju's is not the only edtech company that has been laying off employees. In recent months, other edtech startups, such as Unacademy and Vedantu, have also laid off employees.

The layoffs in the edtech sector are a sign of the challenges facing the industry. Edtech startups have raised billions of dollars in funding in recent years, but the industry is now facing increasing competition and regulatory challenges.

It remains to be seen how the layoffs will impact the edtech sector. However, the layoffs are a sign that the industry is facing some tough times.

Why Byju's is laying off employees ?

Increasing competition from other edtech startups

Slowing down of the overall education market

Financial challenges

The layoffs are expected to have a significant impact on Byju's employees. Many of the employees who are being laid off are young and have families to support. The layoffs are also a sign of the challenges facing the edtech industry.