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BYJUS JOB CUTS
Byju’s founder Raveendran sentenced to six months in jail for contempt of courtByju Raveendran, founder of the failed Indian tech firm Byju's, has been sentenced to six months in jail by a Singapore court for contempt....- Layoffs in 2024: These startups grappled with workforce cutsThe year witnessed notable layoffs, with numbers ranging from a few hundred to a few thousand, at companies like Ola Electric, Paytm parent...
- Investor group accuses Byju’s of violating NCLT orderA group of Byju’s investors led by Dutch investor Prosus is seeking to block a $200 million rights issue and the removal of founder Byju Ra...
- About 13,500 employees from Byju’s, Paytm get on job-hunting missionThe job market currently has over 6,500 active and accessible professionals from Paytm and another 7,000 from Byju’s, showed data from popu...
- Tech salaries get reset as startup talent becomes affordable amid crises at Byju's, PaytmWhile many employees of cash-strapped ed-tech firm Byju’s have been in the job market for a while now, troubles at Paytm after the central ...
- Five key developments at tottering edtech Byju’sThe troubled edtech is mired in multiple issues, such as repayment of a $1.2 billion term loan, and is the subject of a government probe.
- Byju's to hold board meeting to approve delayed FY22 financialsByju's is at least 12 months behind the statutory due date to file its FY22 financial results with the Registrar of Companies. The delay ha...
- Byju’s new India CEO Arjun Mohan to cut more than 4,500 jobsArjun Mohan, the new CEO of Byju's India, plans to implement several changes at the edtech firm, including cutting about 4,000-4,500 jobs t...
- More trouble for Byju’s as three board members, auditor Deloitte resignRepresentatives from Peak XV (formerly Sequoia Capital India), Prosus and Chan Zuckerberg, on Byju’s board have resigned along with its aud...
- Government orders inspection of Byju's account booksIndia's Ministry of Corporate Affairs has ordered an inspection into the account books of embattled edtech startup Byju's, Bloomberg report...
- Shah Rukh Khan may not renew deal with Byju’sEdtech platform Byju’s, which is cutting costs after struggling to raise funds, is unlikely to renew its endorsement deal with actor Shah R...
- Prosus cuts Byju’s valuation to $5.1 billion, writes off ZestMoney investmentProsus, earlier Naspers, owns little over 9% in Byju’s and readjusted the fair value of its investment in the firm to $493 million as of Ma...
- Peak XV, Prosus and Chan Zuckerberg confirm exit from Byju’s boardA Byju’s spokesperson had called our report about the resignations entirely speculative and denied the claims.
- Byju’s begins another round of layoffs; to impact 500-1,000 employeesThe fresh set of layoffs at Byju's is expected to impact employees across marketing, sales, business development as well as product and tec...
- Byju’s in talks to raise $500 million from TPG, sovereign funds: reportThe negotiations are ongoing and it's unclear if the prospective investors will go ahead with the deal, a Bloomberg report said.
- Byju’s continues to cut jobs, another 1,000 employees laid offThe layoffs are part of a massive cost cutting exercise Byju’s initiated last year to streamline its operations at a time when digital K12 ...
- Byju’s reverses decision to close product development centre in ThiruvananthapuramCompany reiterates its commitment to Kerala, says it will pursue a growth strategy in the state
- Bengaluru employee union alleges Byju's forcing resignations; company denies claimsA Bengaluru-based union of IT sector employees has flagged “massive retrenchment” drive at the company where the company staff is being ask...
- Byju’s to sack up to 2,500 employees in 'rationalisation' bidA host of well-funded startups including Meesho, Cars24, and Unacademy have trimmed workforce to save capital and extend their runways amid...
- Byju's cuts 600 jobs across Toppr and WhiteHat Jr as Indian edtech space shrinksByju's subsidiaries laid off 600 employees as Indian edtech space reels under global macroeconomic headwinds.
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