Byju's cuts 1,000 jobs

me 6/20/2023 03:30:00 AM

Byju's, India's most valuable startup, is going to cut up to 1,000 jobs.

The company eliminated 3,000 jobs last year.

The edtech company postponed its plan to go public in 2022 due to macroeconomic conditions.

Through this layoff, Byju's aims to reduce its expenses as it pushes toward profitability.
The Bengaluru-based startup was last valued at $22B.
Backed by investors such as Sequoia India, the Chan Zuckerberg Initiative, BlackRock, and UBS, it has raised around $6B.