People in the firm what is happening? Is this the end of edtech and BYJUs? What went wrong?
They focused more on sales and marketing rather building right product to market
Being an ex byjus at leadership level I have personally seen products team were forced to build things as per marketing needs not what market demands
Bringing innovation nor raising engineering efficiency nor focus to solve tech debts were considered
Adding fuel to fire, the new leadership imported lot of program managers who merely did calculated no of person vs number of days.
Erosion of good tech folks post the above import impacted the quality and speed by which product has been built.
End of pandemic played a major role making online education obsolete.
Adamant founding team paying the price now
Which product did you work on ? Not all product teams in Byjus were like this. There were some excellent PODs as well
Every-team under new president had the problem and abused.
may be you are part of marketing team..?
Summarising some of the comments
Also stupid acquisitions where lot of so called Founders ( mostly failed products which no one ever used) warming chairs to get their stocks vested or amounts credited to bank account
People becoming VP/AVP in sub-30 age is a big issue.
The problem is people without that capability and leadership quality became VP 😂
I am going to talk about an unpopular opinion here. Pressure on profitability is extremely high as of now in all the edtech firms. Investors are not going to give out free lunches anymore. Most of the folks/teams being asked to leave form a part of important but not so critical mass at the moment. Company needs to buckle down and showcase profitably run businesses across divisions. Some of the firing is also due to excessive hiring during covid years and duplicate teams being created as per the whims and fancies of leaders. Course correction was much needed and is happening as per priority.
Course correction is fine but the Engineering team strength is halved since October, 50% cut. Only Twitter might have done more layoffs percentage wise in the world. I will call it a crash landing instead of course correction.
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
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 ...
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.
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...
