Byju's Shakeup: 4,000 Employees to Be Axed - What's Really Happening?

Byju's Shakeup: 4,000 Employees to Be Axed - What's Really Happening

[{"selector":"#anim-7a7d2c63-2bf1-49f8-9fcc-41eb9c5c6c46","keyframes":[{"offset":0,"transform":"translate3d(0, -318.50102%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -89.56248682399999%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -30.448697512%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -11.434186618%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -4.968615912%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":1600,"fill":"both"}] Image Credit - Instagram

[{"selector":"#anim-6901037a-1104-4843-811b-6fc5d5e70eb7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-598a7296-7c3f-43f1-baaa-990e333fab23","keyframes":{"transform":["translate3d(0px, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-76ddaed5-08b9-4289-ba9e-e6552b8df7f8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] India's largest edtech startup, Byju's, is planning a massive layoff of up to 4,000 employees. India's largest edtech startup, Byju's, is planning a massive layoff of up to 4,000 employees. Image Credit - Instagram

[{"selector":"#anim-2339fc2f-52ed-467f-93db-94b00cc44ce2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(33.05288451255018%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f2b7ae91-c4d4-44cc-84d8-ec67c352dc58","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-469cd1e0-f73a-475d-aa14-60073a93aa09","keyframes":{"transform":["translate3d(0px, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The layoffs come shortly after the appointment of a new CEO for India, Arjun Mohan. The layoffs come shortly after the appointment of a new CEO for India, Arjun Mohan. Image Credit - Instagram

[{"selector":"#anim-bf390c68-534a-4ca2-9393-fe6185882d90 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d17acc0e-3dc6-4202-8861-e5b48a140abc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce51f12b-86f5-4696-824d-721dc82641b7","keyframes":{"transform":["translate3d(0px, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Even senior executives are not safe, as part of cost-cutting measures. Even senior executives are not safe, as part of cost-cutting measures. Image Credit - Instagram

[{"selector":"#anim-f58de41a-8dea-4bb6-946c-84796d783894 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-948b53da-4aaa-4db1-86c7-50acc0ec2dcc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dbe8fb69-3c6f-45ca-aecc-826c3676befe","keyframes":{"transform":["translate3d(0px, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The move aims to reduce the company's high expenses related to senior management. The move aims to reduce the company's high expenses related to senior management. Image Credit - Instagram

[{"selector":"#anim-7864cdeb-35b2-4cca-8c1b-d5b2e64a7bac [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.87103493022098%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-73f2807b-dbaa-4194-98d1-3b313693e2bf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6954b81b-3006-4df5-830e-8ba75e68c3c5","keyframes":{"transform":["translate3d(0px, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The layoffs result from a combination of poor employee performance and the release of contract staff. The layoffs result from a combination of poor employee performance and the release of contract staff. Image Credit - Instagram

[{"selector":"#anim-698642f3-bc83-403e-b9a8-067fd84741c2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(33.92857133105062%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e9f940e3-6c4c-45be-ad10-12d962cefb02","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-96567920-0384-4e82-8c21-e373f8e9c658","keyframes":{"transform":["translate3d(0px, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] No formal terminations have occurred yet, with the process set to begin soon. No formal terminations have occurred yet, with the process set to begin soon. Image Credit - Instagram

[{"selector":"#anim-afcfe46b-5066-4d4f-8479-8128b0baf41a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(33.05288451255018%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-38339b83-4437-44c5-a64e-20251ce48d9e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-13eb4e24-9d95-4420-9e39-cc9b699480b3","keyframes":{"transform":["translate3d(0px, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] A cash flow issue is cited as one of the reasons for the layoffs, with a resolution expected by the end of October. A cash flow issue is cited as one of the reasons for the layoffs, with a resolution expected by the end of October. Image Credit - Instagram

[{"selector":"#anim-9194732d-ef7b-493a-a4c6-3776361d05c1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4923f0d3-049b-4dc4-a82d-913821be1130","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-acc20acb-fd60-41e0-9c82-041974a65831","keyframes":{"transform":["translate3d(0px, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Byju's is streamlining its operations by reducing overlaps between online and offline staff. Byju's is streamlining its operations by reducing overlaps between online and offline staff. Image Credit - Instagram

[{"selector":"#anim-a3aa0d41-6a81-4417-a984-c9634a2e6880 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-540f2e79-0865-42c2-a6b7-0e998bec01a5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-10e1c13e-8fb7-455f-8ea3-057158627925","keyframes":{"transform":["translate3d(0px, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The company is also consolidating its regional sales offices, reducing the number of locations. The company is also consolidating its regional sales offices, reducing the number of locations. Image Credit - Instagram

[{"selector":"#anim-af78e2d1-7b24-46b2-a768-77ff402931bf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-27e3244e-91ef-4a74-8ddf-7e76a48a9ad0","keyframes":{"transform":["translate3d(0px, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d8468236-8ffc-44c7-9819-a6f81d98406f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Byju's is undergoing a business restructuring process led by its new CEO, Arjun Mohan, with the aim of creating a more sustainable operation. Byju's is undergoing a business restructuring process led by its new CEO, Arjun Mohan, with the aim of creating a more sustainable operation. Image Credit - Instagram

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Byju's Shakeup: 4,000 Employees to Be Axed - What's Really Happening

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