SleepyJellybean
SleepyJellybean

BYJU'S set to fire another 4,000 employees

This gets the figure to like 10k in that many months 🫣

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20mo ago
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SnoozyPotato
SnoozyPotato

Paying exorbitant salaries was going to bite them sooner or later, feel sad for those who will loose their jobs. But again have come across ppl who were paid insanely and were laid off not wanting to take a pay cut and join somewhere, infact they will ask more than what was their inflated last drawn salary. Not willing to realise the harsh reality of the current situation.

JumpyPretzel
JumpyPretzel

Exactly.

SillyMochi
SillyMochi

What grows fast, comes down faster!!!

SillyDonut
SillyDonut
TCS20mo

Bubble 💭 burst moment.

Due to these fraud firms, Genuine entrepreneurs will struggle in future.

EdTech pov - Instead of solving problems, they created newer ones.

WigglyBanana
WigglyBanana

Holy hell 4000 is a lot many people. This is extremely sad.

CosmicQuokka
CosmicQuokka

Meanwhile they still hiring freshers for bda role at colleges for 2024 batch, it's completely joke of a company.

ZestySushi
ZestySushi
EY20mo

Already a whole lot of people were laid off at upGrad while Arjun was CEO

GoofyHamster
GoofyHamster
Swiggy20mo

Math 101: How to subtract to add to bottomline (and still fail)

PeppyNarwhal
PeppyNarwhal
Swiggy20mo

BYJU’s hai to mumkin hai💪💪

SillyDonut
SillyDonut
TCS20mo

Which firm will absorb these employees?

As unicorn 🦄 in India are mostly loss making ones.

And ebitda +ve and IPO pressure is at all time high from VC and Partners.

FluffyNugget
FluffyNugget
Swiggy20mo

How many employees are on the pay roll ?

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Layoffs
by SleepyHamsterGrowth Manager

Layoff at BYJUS as mentioned by articles

As per internal company sources: This is big like 500+, lots of folks cut in platform teams, brand teams, marketing teams, business teams, product and tech. Wish everyone there all the best. This shall too pass!

Top comments
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Hired lionel messi to promote brand and cuts employees to save costs. What a fucking high IQ C suite the compan...

user

It's Karma, Bychus bitches. You looted the poor lower middle class families by creating fomo and fucked their ch...

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Whitehat also affected. Heard folks from content team in Mumbai that they are being asked to come to Bangalore and wo...

Layoffs
by DancingBiscuitProject Manager

Situation with Edtech firms.

Any Goss on the financial health of Edtech firms like LEAD, Unacademy? I hear there's one more round of layoffs coming.