Paying exorbitant salaries was going to bite them sooner or later, feel sad for those who will loose their jobs. But again have come across ppl who were paid insanely and were laid off not wanting to take a pay cut and join somewhere, infact they will ask more than what was their inflated last drawn salary. Not willing to realise the harsh reality of the current situation.

Software Engineer

Computer Operator

Lawyer

Bubble 💭 burst moment. 
  
 Due to these fraud firms, Genuine entrepreneurs will struggle in future. 
  
 EdTech pov - Instead of solving problems, they created newer ones.

Senior Consultant

Holy hell 
 4000 is a lot many people. This is extremely sad.

Corporate Strategist

Meanwhile they still hiring freshers for bda role at colleges for 2024 batch, it's completely joke of a company.

Backend Engineer

Math 101: How to subtract to add to bottomline (and still fail)

Growth And Strategy

Already a whole lot of people were laid off at upGrad while Arjun was CEO

Project Manager

Intern

Which firm will absorb these employees? 
  
 As unicorn 🦄 in India are mostly loss making ones. 
  
 And ebitda +ve and IPO pressure is at all time high from VC and Partners.

Sauce: https://inc42.com/buzz/embattled-byjus-to-sack-about-4000-employees-in-a-restructuring-exercise/

Data Scientist

I’m extremely surprised to know that they still have employees left to fire 🤷‍♂️

only  news about layoffs are coming out.. how much money did investors loose? what is the write down of the invesment? Wish that  news also came out.  Watching those smart people giving reasons for it would a great sight.

Consultant

How many people work at byjus, every now and then they are laying of multiple thousand folks

This gets the figure to like 10k in that many months 🫣

BYJU'S set to fire another 4,000 employees

BYJU'S set to fire another 4,000 employees- Grapevine

Welcome to Office Gossip's Private Community

Ask me anything about WhitehatJr(byjus acquired)

Business Development Manager

As per internal company sources: This is big like 500+, lots of folks cut in platform teams, brand teams, marketing teams, business teams, product and tech. Wish everyone there all the best. This shall too pass!

Layoff at BYJUS as mentioned by articles

Hired lionel messi to promote brand and cuts employees to save costs.  
  
 What a fucking high IQ C suite the company has🤣 piece of shits, thats why never work for Indian companies. No morals

AI Engineer

Growth Manager

India CEO Arjun Mohan has kicked off a massive restructuring exercise that may lead to 4,000-5,000 job cuts

BYJU'S LAYOFFS : 4,000-5,000 employees to be let go

Program Manager

Byju in his townhall yesterday oversold future and more people will be laid off today. 

It is funny because so many business folks who are adding zero value and doing nothing for years are still there 

Senior engineering leaders who are earning salaries of 2 Cr+ are also still there . Poor low level minions are facing all the brunt

150+ Engineers to be laid off from Byjus Today ( Round 4)

Welcome to Indian Startups's Private Community

Byjus Financial FY 22 Results will come out next week and internal news is that Byjus have done around USD 1 Billion revenue  and same loss .

One more round of layoffs happening soon with so many VPS being shown the door

Byjus Results -7000-8000+ Crore Revenue and 8500 crore loss

Internal source: most vps are around the table these days, and too busy to get goats to sack this week.  For Byju's product team, this week is crucial, usual results are out on Friday. ( product, design and media)  45% -50% cut from each team. 

There won’t be any news about Byjus from now on, my wife was the source, and she got laid off today.

Byju’s list is ready for more layoffs .

Senior Product Designer

Welcome to News Discussion's Private Community

- Byju's, once valued at $22 billion, faces insolvency proceedings, likely forcing thousands of employees to quit and shutting down services.
- The company, backed by investors like Prosus and General Atlantic, has faced job cuts, valuation collapse, and investor disputes over corporate governance.
- An Indian tribunal triggered insolvency after a $19 million payment dispute with the cricket board, freezing Byju's assets and suspending its board.
- Vendors may default, leading to a total shutdown of Byju's online platforms, according to CEO Byju Raveendran's court appeal.
- Byju's, with 27,000 employees, became popular during the pandemic for online courses and in-person coaching; the court will hear the case on Monday. 

 Source: Reuters

Insolvency Proceedings Will Force Thousands Of Employees To Quit: BYJU’S CEO

Journalist

Any Goss on the financial health of Edtech firms like LEAD, Unacademy?
I hear there's one more round of layoffs coming.

Situation with Edtech firms.

People in the firm what is happening? Is this the end of edtech and BYJUs? What went wrong?

Hearing really bad news from BYJUs, firm has silently laid off upto 15-20 K people in months

Link to article - https://techcrunch.com/2024/01/11/blackrock-cuts-byjus-valuation-by-95-to-1-billion/

What guarantee that Byju’s survives end of the year?

Product Designer

Don't know exact Numbers but Tech people Impacted 🥲🥲🥲

It's BYJUS Again ... In Tech

are there going to be layoffs again in byjus? If yes then in which department?

Byjus layoffs

Looks like it will be just byju & his family will remain in the end.

Byju’s laid off it’s 50-60% tech guys again.

Tentatively JAN third week. ( no runway left for Feb) - Employees could be paid in Esop’s valued at 2.7B $ as per internal disscussions.

CLE, Content, Tech and product teams are going to be sliced. All products are going to KTLO. This is the final round - post this the company Survives and sticks to K12 until 2026 OR it files for bankruptcy.☹️

Guys this is my last post about Byjus. All the best Soldiers ! 👋

Yet Another layoff round at Byjus - Round 7 🥲

30% of engineers will be gone.
50% of higher managenment will be gone.
List contains a total of 80 devs/managers/directors/Vp/CTO from Tech team, reducing the Tech Team size to merely 130.

How does byjus justify their valuation, when there is no value ?

Byjus 6th Round on 4th Dec 🥲

Heard that there has been some senior management connect, where in due to financial constraints & lack of new round of funding. Some folks will be asked to leave. 
This is a complete 360 from the conversation they had in Mar’23 where in an appraisal was on the cards

BYJU'S set to fire another 4,000 employees

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