Aakash Lays Off Nearly 100 Employees

Byju’s-owned Aakash Educational Services Ltd. (AESL), a test prep firm, has reportedly laid off between 80 to 100 employees over the past few months, according to media report.

The layoffs impacted both senior and mid-level executives, with some long-time employees, including those with over four years of service, being affected in the recent round of job cuts, according to the report.

This marks the first significant wave of layoffs at AESL since it was acquired by Byju’s in April 2021 for approximately $940 million.

However, the company did not confirm or disclose the exact number of employees impacted by the recent layoffs.