2022-10-29
The layoffs are symptomatic of an industry that is shrinking as rapidly as it expanded. Writes @sahaprd in today's longread @MorningContext https://themorningcontext.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 :...