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BYJU'S plans to lay off 1,000 employees: Report

BYJU'S plans to lay off 1,000 employees: Report

According to The Morning Context, BYJU'S is allegedly considering the possibility of reducing its workforce by up to 1,000 employees. The job cuts are expected to primarily impact contractual workers within the company's sales and marketing departments. This development follows BYJU'S decision to withhold a $40 million interest payment on its $1.2 billion loan and pursue legal action against its lenders in the United States, disputing the acceleration of the term loan.

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