Byju's to initiate massive round of layoffs, could affect up to 5,000 employees; Know the reason

A week after appointing Arjun Mohan as the new CEO of its Indian operations, Byju's is reportedly preparing to cut 4,000-5,000 jobs, indicating a large number of layoffs may be imminent.

The troubled edtech giant is in the final stages of business restructuring, which could affect thousands of workers, including several high-paying senior executive employees.

This isn't the first time Byju's is laying off employees on such a large scale. Previously, it was reported that the beleaguered edtech startup laid off 500-1,000 employees across various departments in order to cut costs.