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
They are calling everyone back to the office, so yeah another round of layoffs on the way.
Those are organic layoffs without layoff tag. The plan is to reduce the employee strength to 2500 employees.
Basically people including leaders who won't get job anywhere else will remain in Byjus
Revenue is impressive. This says people still have trust and buying their products. Taqdeer ka saandh lg rha
Schrodinger's numbers
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...
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...
First the audit report got delayed. Now they’ve reported a loss of over 4.5k cr. And I believe they’re like a mothership of edtech, if they gone down then the entire category goes down from an investment perspective
Rumors from the grapevine - Byjus has laid off a lot of people in the tech team. A person i know who works there mentioned 7 out of 10 people in his team were laid off.
