One of the world‘s most valued educational tech startup – BYJU’S – has started layoffs of its employees across various departments in order to curb costs amid escalating tensions with lenders. Email addresses of the impacted employees were also removed and The company asked them to submit their official identity cards. According to sources, some employees received notice about the layoffs on June 14 itself. One of the sources said, “employees were told on Friday, June 16 – that it would be their last working day. Thereafter, the HR department told employees that the company won’t be giving any severance further.

Source: Hindustan Times June 20, 2023 14:05 UTC