2022-10-29
This report by @MorningContext says @BYJUS could lay off 12,000 employees, far higher than 2,500 indicated by company earlier this month. If this is true, it'll be one of the largest such layoffs by a startup. https://twitter.com/...
The Morning Context
Sources: Byju's plans to layoff about 12,000 people, or nearly 25% of its workforce, over the next year; Byju's denies the number of job cuts is more than 2,500
$22B India-based Byju's — that may have taken advantage of pandemic trends and easy funding to grow far faster than ongoing market demand. https://twitter.com/... @morningcontext :...