BYJU to Sack 3500 Employees in Current Year

New Delhi: Edtech major BYJU is reported to be planning to sack around 3,500 employees during the current fiscal year.

The company higher-ups feel BYJU had “over-hired” people at the time of the COVID pandemic due to the sudden jump in online education. As the demand has gone down now, the company wants to scale down its staff strength.

Among the BYJU employees, who are to lose jobs, around 1,000 are already serving notice periods, and another 1,000 have not completed their performance improvement parameters. Assessment is still underway and a total of around 3,500 may be impacted.

BYJU’s new India CEO Arjun Mohan will be completing this process in the next few weeks.

BYJU wants to have 31,000-33,000 employees compared to 50,000 workforce it had in October 2022.