Byju’s, facing financial strain, has initiated fresh layoffs impacting around 500 employees, with a focus on the sales department and tuition center staff. The company has closed 30 out of its 292 tuition centers recently. These job cuts, part of a broader restructuring effort, aim to streamline operations and manage costs. Byju’s attributes the downsizing to a business restructuring exercise led by India CEO Arjun Mohan in October 2023. The company, amidst ongoing litigation with foreign investors, cites the need to navigate challenging circumstances. Since October 2022, Byju’s layoffs over 5,000 employees out of its 13,000-14,000 workforce.
