Online learning giant Byju’s topper lays off 1100 employees, those who resign will get one month’s salary
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Education technology company Byju’s Group’s Unit Topper has fired 1100 employees this week. This is about 36 percent of the company’s total workforce.
Online learning giant Byju’s (Byju’s) has laid off more than 1400 employees. Unit Topper of Education Technology Company Byju’s Group (Toppr) has fired 1100 employees this week. This is about 36 percent of the company’s total workforce. Some employees affected by the decision have given this information. At the same time, WhiteHat Jr has fired 300 of its employees. Both these companies were bought by Byju’s in the last two years. Topper’s sacked employees said that they got a call from the company on Monday and were asked to resign. Failure to do so was said to result in removal from the job without notice.
Those who do not resign will not get salary
An employee of the company said, I teach chemistry subject. My entire team has been laid off. The topper promised one month’s salary to those who resigned. Those who do not do so will not be given any salary.
Topper’s co-founder Zeeshan Hayat was sent a query on his WhatsApp asking for information about this, but there was no response from his side.
Byju’s acquired Topper in July last year for $150 million. After the acquisition was completed, Topper’s sales and marketing department employees were retained while others were asked to leave.
300 employees fired
Earlier, online coding provider WhiteHat Jr., another subsidiary of Byju’s, which it acquired for $300 million, laid off about 300 employees. In April-May, more than 1,000 of its employees resigned after being asked to return to office.
This time, most of the fired workers were from code teaching and sales teams and some of them worked in Brazil. Karan Bajaj started WhiteHat Jr in the year 2018, which was bought by Byju’s in August 2020 for $ 300 million. WhiteHat Jr started operations in Brazil in April 2021. Of the 300 employees fired by the company, 80 percent of the employees were working in Brazil.
