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Byju’s to cut as many as 5,000 more jobs amid business restructuring – TechCrunch

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Byju’s to cut as many as 5,000 more jobs amid business restructuring – TechCrunch

 

Byju’s plans to cut as many as 5,000 jobs in the coming weeks, a person familiar with the matter said, as the Indian edtech giant looks to pare down costs amid a broader restructuring of its business following a delayed IPO and pressure from lenders.The Bengaluru-headquartered startup, which recently appointed a new head for its India business, is planning to remove redundant roles spanning both its offline and online ventures, as well as many jobs in the marketing department, the person said, requesting anonymity as the deliberation is private.Byju’s, which at its last year’s valuation of $22 billion is India’s most… 

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