Byju’s, the Indian edtech giant, is reportedly considering cutting around 5,000 jobs in an effort to reduce costs and undergo a broader business restructuring, according to sources.
The potential layoffs come after a delayed IPO and pressure from lenders, and would follow several previous rounds of job cuts that saw over 10,000 positions eliminated over the past two years.
Byju’s is planning to eliminate redundant roles across both offline and online operations, including positions in marketing and senior executive roles.
The company’s new India CEO, Arjun Mohan, is expected to oversee these changes in the coming weeks as part of a business restructuring effort to simplify operations, reduce costs, and improve cash flow management.
