Wednesday, October 22, 2025
spot_img

Byju’s initiates layoffs, releases staff without notice via calls

spot_img
- Advertisement -

Byju’s, an edtech company, commenced layoffs via phone calls, bypassing performance improvement plans (PIP), as reported by Moneycontrol. Employees are reportedly not required to serve a notice period.

Byju’s latest layoffs, as per the report, might affect 100 to 500 employees, primarily impacting the sales department within the company.

Over the past two years, Byju’s has laid off more than 10,000 employees due to financial constraints and legal disputes with investors. Currently, about 14,000 employees are employed by Byju’s India entity.

Byju’s spokesperson told Moneycontrol, “We are nearing completion of a business restructuring initiative announced in October 2023 to streamline operations, cut costs, and enhance cash flow management. The company is facing extraordinary challenges due to ongoing litigation, causing significant stress for employees and the ecosystem.”

In the recent round of layoffs, Byju’s is proceeding with phone calls followed by emails stating, “This is to confirm that your last working day with Think and Learn Pvt Ltd will be March 31, 2024.”

“Your full and final settlement will be done as per the exit policy. Please hand over all company assets and proprietary information in your possession to facilitate the processing of your full and final settlement. For any queries on exit procedures, please contact separations@byjus.com.” further stated.

Note: We are also on WhatsApp and YouTube, to get the latest news updates, Join our Channels. WhatsApp– Click here, to subscribe to YouTube – Click Hereand for LinkedIn– Click here.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

McKinsey & Company appoints Priya Ramdev as Chief People Officer

McKinsey & Co has appointed Priya Ramdev as Chief...

HCLTech appoints Lee Fang Chew as Independent Director

HCLTech, a leading global technology company, has announced the...

KSRTC Employees to Get Salaries on the First Day of Each Month

The Kerala State Road Transport Corporation has announced a...

Tech Mahindra partners StaTwig for Covid-19 vaccine supply chain

IT major Tech Mahindra has partnered with StaTwig, a Singapore and...

How Tech Mahindra and Microsoft are Shaping Workplaces with AI

Tech Mahindra, a prominent global technology consulting and digital...

McKinsey is offering 9 months’ pay to leave the firm & find new Job

Amid a sector-wide downturn, McKinsey, a global management consulting...

TCS Off Campus; Freshers Hiring B.Com, BBA, BMS 2022-23

An Indian multinational information technology services and consulting company,...

Cognizant to resume a single promotion cycle from Oct 1

Cognizant to resume a single promotion cycle from October...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/