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Massive Layoffs At Byjus | Is India's Ed Tech Bubble Bursting? | The Urban Debate
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November 1, 2022
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11:04Now PlayingIn this episode of The Urban Debate with Shreya Dhoundial, the anchor will be discussing Byju Raveendran, co-founder and CEO of BYJU has attributed the startup's mass layoffs to external macroeconomic factors and a focus on profitability. The letter used language like "rationalization" and "time off" instead of the words "layoffs" or "firings" to refer to the culling of the workforce at the ed-tech companies. He added that the choice to fire 2,500 employees was made to safeguard the well-being of the bigger organization. To this, Rituparna Chakraborty says,'' I can't talk about their partnership with the Indian Cricket team, but it is an irony, to be honest."
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