Byju's Lays Off 500 Employees, Sales & Tuition Centres To Be Impacted

Edtech giant Byju's underwent significant layoffs, with over 500 employees affected, mainly in sales and tuition centers, amidst ongoing salary delays for three consecutive months. 

Approximately 1,500 employees have already left due to concerns about the company's sustainability and an escalating HR crisis. 

Byju's attributed these challenges to ongoing litigation with foreign investors, causing immense stress across the organisation. The company's workforce has decreased to around 13,000 from nearly 15,000 in 2023. 

Byju's cited issues with disbursements for March salaries and attributed financial difficulties to foreign investors. While January salaries were cleared, February's were only partially paid, with plans to settle dues after receiving funds from a rights issue.