Last year, Byju’s laid off about 600 at its group companies – WhiteHat Jr and Toppr. It said this was a move to drive cost efficiency
Byju’s has handed the pink slip to 100 employees in a fresh round of layoffs, post a performance review. However, according to a media report, the edtech company has sacked about 400 people.
“As part of a periodical performance review, 100 individuals who did not meet expectations after a performance improvement plan, were let go with proper procedures,” said the Byju’s spokesperson.
He added, “Please note, this measure is firmly rooted in performance-based considerations and is not in any way a cost-cutting endeavour.”
Byju’s also said that there are no fresh layoffs in the post-sale division.
“In fact, during the past two months, as part of our commitment to augment this division, Byju’s has recruited 200 new professionals,” said the spokesperson.
Earlier this year, Byju’s handed the pink slip to 900-1,000 employees in a fresh round of layoffs, according to media reports.
However, sources in the company said the move was part of the “optimisation” strategy that the edtech giant had announced last year. This included sacking 2,500 workers.
Last year, Byju’s laid off about 600 at its group companies — WhiteHat Jr and Toppr. It said this was a move to drive cost efficiency.
The new development comes at a time when Byju’s appointed veteran Infosys HR leader Richard Lobo as exclusive advisor to help transform its HR function.
This strategic move underscores Byju’s commitment to fortify its employee-centric culture.
