Why did Byjus Fall from 22b $ to 3b $ ?

[2011- 2021] Employees at 22b $ valuation: upto 10K

[2022 - 2024] Between this period byjus employees count went upto 50k and within a year came down back to original.

[2024] Employees at 3b $ valuation: 12k

So what went wrong in 2022 and 2023 ?

The Answer to this is CORPORATE MAFIA You can identify them from their operation

1. At first couple of the members of the mafia will join any organisation as a leader.
2. Initially they will build good relationships with leadership and set imaginary sweet goals for organisational growth and sell lies.
3. They lay off / underpay existing loyal employees
4. Finally they replace existing employees with their ex- colleagues and friends who were comparatively less productive but more expensive.
5. They will take all the growth opportunities and share among themselves.
6. At the end the organisation cost increases but the actual goal is still far enough to be achieved ever.