Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»Hiring & Firing»Byju’s to cut 5% of workforce in 6 months
    Hiring & Firing

    Byju’s to cut 5% of workforce in 6 months

    HRK News BureauBy HRK News BureauOctober 14, 20222 Mins Read2706 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    Byju’s, the Indian edtech company has decided to lay off 2,500 employees in the next six months. This is part of an attempt to rationalise the workforce and try and achieve profitability in the financial year 2023.

    As per a media statement by the company, the current layoffs will happen in a phased manner, across the departments of product, content, technology and media. The latest layoffs aim to avoid redundancy and duplication of roles by leveraging technology.

    The Company is reportedly looking to cut some of its field sales staff and plans to now focus more on inside selling, which will lead to better customer satisfaction.

    Earlier this year, Byju’s group of companies had laid off 600 employees at WhiteHat Jr and Toppr to drive cost efficiency.

    In the recent past, many edtech firms have laid off employees taking up the total loss of jobs to more than 1000. The major concern for many startups has been the dearth of funding this year which has led them to cut costs by downsizing.

    These layoffs come just when the Company has seen an uptick in its financial losses. In the previous financial year of 2023, the Company saw a loss of Rs 4588 crore, which was more than the Rs 231.69 crore loss in the financial year 2020.

    On the other hand, to carry on its growth path, Byju’s plans to hire 10,000 teachers by the end of the year, taking the total strength of teachers from 20,000 to 30,000.

    Byju's cost efficiency edtech Layoff loss Toppr Whitehat Jr
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    five − 4 =

    Related Posts

    HSBC to cut over 340 jobs in France as part of global cost-cutting strategy

    May 15, 2025

    Burberry plans to cut 1,700 jobs

    May 14, 2025

    Burger King employee raises privacy concerns over personal camera in break room

    May 14, 2025

    Microsoft to cut 3% of workforce, eliminate 6,000 jobs

    May 14, 2025
    EDITOR'S PICKS

    The quiet commute: How a digital detox is reshaping work-life balance

    May 16, 2025

    “Dark factories still a decade away from disrupting India’s employment market,” Sushil Baveja, CHRO, Jindal Stainless

    May 15, 2025

    How Pramerica Life builds an ethical culture that works

    May 15, 2025

    Red flags in job applications: What candidates miss but recruiters spot

    May 14, 2025
    Latest Post

    Maxme launches human skills programmes to future-proof India’s workforce

    News May 16, 2025

    As India ramps up efforts to prepare its workforce for a rapidly-evolving professional landscape, the…

    Aviation Ministry introduces transition plan for Celebi’s 10,000 employees

    News May 16, 2025

    The Ministry of Civil Aviation has initiated a comprehensive transition plan to ensure that approximately…

    SC orders West Bengal to pay 25% DA to state employees

    News May 16, 2025

    In a significant development, the Supreme Court has directed the West Bengal government to pay…

    Andhra Pradesh govt eases employee transfer ban till 2 June

    News May 16, 2025

    The State government of Andhra Pradesh has announced a temporary relaxation of the ban on…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.