Byjus layoffs

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

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 ! 👋

Byjus has done another round of layoffs today, even VPs and top level managers were affected. Investors are losing faith in the organization. Looks like the fall of the company has started.

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

Another round of firing if $350-500m doesn't hit Byju's bank account by March end In all probability, it will hit. They're going for a down round. Reduced valuation.

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

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!

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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.

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