Friday, 24 March, 2023

BYJU'S Lays Off Thousands Amid Sales Slowdown and Funding Challenges

<p>&nbsp;</p> <p>Indian edtech giant BYJU&#39;S has reportedly laid off at least 1,000 more employees as the company faces sales slowdowns and funding challenges. The layoffs come amid a broader trend of decreased investment and reduced spending in the Indian start-up sector. Despite being valued at $16 B, BYJU&#39;S has seen a drop in revenue growth and profitability, leading to the job cuts. The company will also be re-evaluating its overseas expansion plans.&nbsp;</p>