Byju's planning to cut up to 5,000 jobs, read company's statement

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Indian edtech major Byju's is reportedly planning to cut up to 5,000 jobs as part of a cost-cutting measure and business restructuring. This comes after a delayed IPO and pressure from lenders. The job cuts will affect redundant roles in its offline and online ventures, including positions in the marketing department and senior executive roles. Byju's spokesperson stated that the company is undergoing a business restructuring exercise to simplify operations and reduce costs. The job cuts will be implemented at Byju's parent company, Think & Learn, and are not linked to any subsidiaries.

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