BYJUS links up with NSDC

Byju’s plans to reduce headcounts by 12,000 in a cost cutting drive

Byju’s, India’s largest education technology company, with a valuation north of $22 billion, plans to lay off about 12,000 people, nearly 25% of its total workforce, over the next year.

Earlier this month, in separate press statements, co-founder Divya Gokulnath and chief operating officer Mrinal Mohit said Byju’s will lay off 2,500 employees over six months and focuses on sustainable growth and profitability.

[ Via]

Download NBW: Short news app created for busy professionals like you

Get NBW App - a reimagined fluid short news experience that delivers you clarity and all the important news and trends from your industry. No signup needed !

Download NBW App (Android, iOS)

Sign Up for NextBigWhat Newsletter

Daily.