Byju's To Fire Around 1,000 Employees, Offer 2-Month Severance Pay: Report
NDTV
Lay-offs at Byju's: Several senior managers and assistant general managers in sales have reportedly already left the Bengaluru-headquartered firm.
Almost six months after it fired 5,000 employees, education-technology giant Byju's is set to let go of around 1,000 more people, The Morning Context has reported. Marketing managers have been asked to fire two people each from sales and marketing from each of its 280 tuition centres across the country, the report said, citing sources. Around 150 marketing managers also stand to lose their jobs.
The move will hurt the sales and marketing teams the most, The Morning Context reported on Wednesday. NDTV can't independently verify the planned lay-offs.
Several senior managers and assistant general managers in sales have reportedly already left the Bengaluru-headquartered firm.
"The company is saying it will give around two months' salary as severance. But there seems to be a serious cash crunch," the report said.
