BYJU'S set to fire another 4,000 employees
This gets the figure to like 10k in that many months 🫣
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Paying exorbitant salaries was going to bite them sooner or later, feel sad for those who will loose their jobs. But again have come across ppl who were paid insanely and were laid off not wanting to take a pay cut and join somewhere, infact they will ask more than what was their inflated last drawn salary. Not willing to realise the harsh reality of the current situation.
Exactly.
What grows fast, comes down faster!!!
Bubble 💭 burst moment.
Due to these fraud firms, Genuine entrepreneurs will struggle in future.
EdTech pov - Instead of solving problems, they created newer ones.
Holy hell 4000 is a lot many people. This is extremely sad.
Meanwhile they still hiring freshers for bda role at colleges for 2024 batch, it's completely joke of a company.
Already a whole lot of people were laid off at upGrad while Arjun was CEO
Math 101: How to subtract to add to bottomline (and still fail)
BYJU’s hai to mumkin hai💪💪
Which firm will absorb these employees?
As unicorn 🦄 in India are mostly loss making ones.
And ebitda +ve and IPO pressure is at all time high from VC and Partners.
How many employees are on the pay roll ?