Fresh layoffs at Edtech company Byju's

More trouble for edtech company Byju's. After being embroiled in controversy last year over alleged mis-selling and accounting discrepancies, reports say that the company has undertaken another round of layoffs. This comes just months afer 2500 employees were laid off in October last year.

The current round of layoffs are reportedly from the engineering, sales, logistics, marketing and communications teams.

What makes it worse is that the co-founder Byju Raveendran had sent out multiple emails to employees that the company would not undertake more layoffs after the last round.

A moneycontrol report says that none of the employees were told about the layoffs over mail but were asked to join meetings on Google meet where they were informed. The report also says, Byju's declined to comment on the story.

Amidst a funding crunch, Byju's has been aggressively cutting costs after reporting a net loss of over Rs 4500 crore.