Byju's Continues With Layoffs, Fires More Than 1000 Employees

NEW DELHI: One of the leading edtech brands of the country, Byju's continues to increase the list of lay-offs in the organisation. More than 1000 employees lost their seats in the second major downsizing of the company within six months.

According to reports, the design, production and engineering departments of the brand are among the worst hit with more than 300 people being allegedly laid off from the engineering department alone.

The brand started its downsizing process in October last year amidst fears of a recession alongside several medium and large players in the sector. More than 2500 employees have been handed pink slips from the brand. The brand is reportedly letting go of all its freshers as well But this round is different compared to the last. They are now firing people over calls instead of an official email.

Several of the sacked employees have mentioned that these layoffs were not based on any fixed criteria or performance report. People involved in key functional areas were also sacked without warning. Some even mentioned that their teams were fired for not generating enough revenue but that was not a part of their objectives and key results in the organisation.

On several of these calls, the company representatives have reportedly tried to make the impression that the organisation is not facing financial difficulties with the finances and that the reduction in the headcount is being done to preserve cash for the future just like many major tech brands across the world. Some have also mentioned that they were forced to resign from the brand and told that resignation will look better on their resumes compared to being laid off. This has been reported to be an attempt to bypass the severance benefits entitled to an employee in case he or she is laid off.

While several brands like Google, Microsoft and Meta resorted to a high number of layoffs, Intel chose a reduction in pay to achieve the same goal of cost reduction.

Also Read: Amazon CEO Andy Jassy confirms to lay off 18,000 employees

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