Byju’s is cutting 500 to 1,000 more jobs at the firm, this time eliminating several non-sales roles as well, as the Indian edtech giant pushes to improve its finances, according to a person familiar with the matter.
The Bengaluru-headquartered startup, which has cut over 3,000 jobs in the past one year, declined to comment.
The new wave of layoff is aimed at improving the finances at the firm, the person familiar with the matter said, requesting anonymity discussing nonpublic matters.
Byju’s, valued at $22 billion, is the most valuable Indian startup. The firm employs over 40,000 individuals.