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Bangalore
Bangalore
on
BouncyMarshmallow
BouncyMarshmallow
Stealth

Byjus may shut down

First, they had a layoff. Lot of good people quit including great people Then, they had a second lay off Some great people in the leadership quit. Middle management people are quitting every day. Only engineers and other people who are not able to get jobs are remaining They shut down majority of US acquisitions They are trying to sell some of them like Tynkr and Epic Not able to raise funding till now even though trying since December Sales is down 90% New Inside Sales process is not working They are out of runway.

24mo ago
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WobblyBiscuit
WobblyBiscuit
PolicyBazaar24mo

Source for their revenue is down 90%?

BouncyMarshmallow
BouncyMarshmallow
Stealth24mo

Someone with access to data in Byjus

SleepyHamster
SleepyHamster
Stealth24mo

This is fake news!
BYJUs revenue are down but are 75% of FY22

BouncyMarshmallow
BouncyMarshmallow
Stealth24mo

In addition so many signs are there

Real Estate consolidation / Lease Exits

High performing senior executives are resigning

Hiring Freeze and Salary Freeze

JazzyTaco
JazzyTaco
Bank of America24mo

Good riddance. Such an unethical company.

ZestyPretzel
ZestyPretzel
Stealth24mo

Hi, can we connect? I am at 6264825036. You can also email me at cartographerme@gmail.com

BouncyMarshmallow
BouncyMarshmallow
Stealth24mo

You can go and figure all these out

1- They have not paid vendors since Sep 22 or have paid a very low amount

2- Some of the founders / employees of acquired companies have been asked to move on without making the payment which was due to them.

3- Most employees have not received their F&F or dues as written in MC article today

4-RealEstate have been heavily optimised and there is only 1 or 2 floors now .

5- All US employees have been sacked and products have been moved to India for a slow death

PrancingCupcake
PrancingCupcake
PayTM24mo

I am sure of 3 floors in IBC office, 1 in GGN office, 1 in Noida office among other. This is exaggerated man

PeppyDumpling
PeppyDumpling
Stealth24mo

It's a shitty company, no doubt. But this seems a bit exaggerated.

SnoozyDonut
SnoozyDonut
Physics Wallah24mo

They recently got funded what I have heard.

DizzyMarshmallow
DizzyMarshmallow
Zomato24mo

Same

JumpyHamster
JumpyHamster
Stealth24mo

This is scary for the industry

SquishyLlama
SquishyLlama
Acko24mo

This looked like a Haiku for whatever reason.

SquishyDonut
SquishyDonut
Stealth24mo

Frauds can run until they are caught. Good one.

SnoozyDonut
SnoozyDonut
Physics Wallah24mo

They are not out of runway.

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Curated from across
Layoffs
Layoffs21mo
by SleepyHamsterGrowth Manager

Layoff at BYJUS as mentioned by articles

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!

Top comments
user

Hired lionel messi to promote brand and cuts employees to save costs. What a fucking high IQ C suite the compan...

user

It's Karma, Bychus bitches. You looted the poor lower middle class families by creating fomo and fucked their ch...

user

Whitehat also affected. Heard folks from content team in Mumbai that they are being asked to come to Bangalore and wo...

Layoffs
Layoffs21mo
by SleepyHamsterGrowth Manager

Another layoff at BYJUs

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 ...

Layoffs
Layoffs21mo
by FluffyDonutSenior Product Designer

Byju’s list is ready for more layoffs .

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...