Byju Said to Lay Off Between 500-1,000 Employees in Another Round of Job Cuts

Popular Indian edu-tech startup Byju’s will lay off between 500 and 1,000 employees in another round of job cuts to cut costs, a source with knowledge of the matter told Reuters on Monday.

The company, which employs around 50,000 employees, is one of India’s largest startups, once valued at $22 billion (nearly Rs. 1,80,250 crore). It was founded in 2011 and has attracted global investors such as General Atlantic, BlackRock and Sequoia Capital…