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Byju’s lets go of more staffers in mentoring, product expert functions, ETHRWorld


hr.economictimes.indiatimes.com | www.ETHRWorld.com

<p>A Byju’s spokesperson confirmed that a PIP was in place last month, but added that the company let go of only 100 employees as a result of that.</p>
A Byju’s spokesperson confirmed that a PIP was in place last month, but added that the company let go of only 100 employees as a result of that.

Troubled edtech major Byju’s on Thursday let go of about 495 staffers from its mentoring and product expert functions, sources in the know told ET. The employees were placed on a performance improvement plan (PIP) from July 1 to 20, the sources added.

“They were all highly salaried and were laid off yesterday. Within two hours of the HR’s call, mail access was seized,” one of the sources told ET.

A Byju’s spokesperson confirmed that a PIP was in place last month, but added that the company let go of only 100 employees as a result of that. “There are no fresh layoffs in the post sale division. In fact, during the past two months, as part of our commitment to augmenting this division, Byju’s has recruited 200 new professionals,” the spokesperson added.

Earlier this week, Byju’s said it has appointed Richard Lobo as an “exclusive” advisor to help drive its human resources function and guide the management on organisational change and transformation.

The company has been in the news for sustained layoff exercises since late last year, with the last few months having been difficult for employees across the board in the content or media creation divisions, sales heads, offline tuition centre business among others, ET has learnt.

At its peak last year, the company had…


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