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Byju’s lets go of employees in mentoring, product expert division after performance review

Employees were asked to resign voluntarily and were offered the salary for August and September as their final settlement, according to sources.

Mumbai/Bengaluru / August 18, 2023 / 16:28 IST
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The final settlement of dues is expected within 90 days of the layoffs.

Edtech firm Byju's has undertaken another round of layoffs as part of a performance review, as it navigates a challenging operating environment.

In this round, over 400 employees from the mentoring and product expert division, who were placed under a performance review in July, were asked to resign on August 17, multiple employees confirmed to Moneycontrol.

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While Byju's confirmed that it had let go of more employees as part of a periodic performance review, the company disputed the number, stating that only 100 employees were affected.

“As part of a periodical performance review, 100 individuals who did not meet expectations after a performance improvement plan, were let go with proper procedures. Please note, this measure is firmly rooted in performance-based considerations and is not in any way a cost-cutting endeavour,” a Byju’s spokesperson said in response to queries.