- Byju’s, the edtech firm, is exiting its Bengaluru offices to improve operational efficiency and reduce costs.
- The company is renegotiating a $1.2 billion Term B loan pact, hinting at possible settlement of ongoing litigations.
- In the past year, it has laid off nearly 4,000 employees in pursuit of profitability, following a FY21 loss of Rs 4,564 crore.
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