Byjus fired employees
WebOct 14, 2024 · The giant Edtech company BYJU ’s is planning to fire 2,500 employees in the next six months. These employees account for 5% of its workforce. The step will be taken with an aim of becoming profitable by March 2024. Employees from almost all the departments will be losing their jobs. WebAnswer (1 of 2): Yes, They fire employee in regular basis, almost 10–50 firings a week in pan India is done in sales segment and mass firing twice a year. They will start mass …
Byjus fired employees
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WebThe M&A market is expected to rebound strongly this year, with many companies looking to make strategic acquisitions. Key drivers include the need for scale,… WebFeb 2, 2024 · In June 2024, Byju’s also fired around 500 employees across its two subsidiaries — Whitehat Jr and Toppr. Edtech major Byju’s on Thursday laid off an additional 900 employees, making it the...
WebJun 30, 2024 · BENGALURU: Edtech company BYJU’S group companies-WhiteHat Jr and Toppr, together have laid off around 500 employees. This layoff comes at a time when the edtech start-ups are struggling and... WebJun 30, 2024 · Byju’s has fired 2,500 employees across its business divisions, Moneycontrol reports. These layoffs affected the parent Byju’s company, and recently …
WebThe M&A market is expected to rebound strongly this year, with many companies looking to make strategic acquisitions. Key drivers include the need for scale,… WebJun 29, 2024 · More than 10,000 employees have been laid off by edtech startups such as Unacademy, WhiteHat Jr, Vedantu, FrontRow, Udayy, Lido Learning and others. as …
WebOct 12, 2024 · Byju’s reported a loss of Rs 4,588 crore in 2024-2024 compared to Rs 232 crore in 2024-20. Revenues also recorded a drop in FY21 to Rs 2,428 crore from Rs 2,511 crore in FY20. The company is also...
WebNov 1, 2024 · Byju Raveendran, the chief executive officer (CEO) of edtech giant BYJU's, has apologised to his employees for the recent layoffs. The "I am sorry" email from him … forward a text message on iphoneWebFeb 2, 2024 · In June 2024, Byju’s also fired around 500 employees across its two subsidiaries — Whitehat Jr and Toppr. However, the total number of layoffs at that time … direct flights from usa to beijingWebJun 30, 2024 · The company laid off over 1500 employees on June 27 and June 29 from Toppr and WhiteHat Jr. Notably, Byju’s has acquired the two companies over the last two … forward a text message on iphone 6WebFeb 2, 2024 · Massive financial losses and mass layoffs have gripped Indian edtechs as demand for online-led education corrects from its peaks post-Covid. Among 52 startups that fired 17,989 employees across sectors in 2024, about 44% of the layoffs occurred within 15 edtech companies, as per Longhouse Consulting data shared exclusively with ET. forward a text message on iphone 11WebAug 1, 2024 · India’s edutech ecosystem is facing severe layoffs. Companies like Unacadmy, Vedantu and Byjus fired at least 2,200 employees this year. Startups like Meesho, Blinkit, Ola and MFine are also following suit. Sign up for The AI Forum for India direct flights from usa to bogotaWebJun 29, 2024 · The report states that on 27 and 28 June, BYJU'S fired more than 1,500 employees from companies that it acquired over the last two years, namely Toppr and … forward a text message on samsung galaxyWebAt $22B valuation, Byjus is the most valuable Edtech startup (private, unlisted company) in the world. ... Last year, the company fired thousands of employee in its bid to become profitable. And on top of all this, its valuation has been stagnant and fundraise a struggle. But this $700M fundraise at $22B valuation is a heartening sign. direct flights from usa to cebu