Unicorn is losing its horn? https://t.co/mQ8CPBIm4V

— परितोष पप्पू #DontLetHateWin (@paritoshZero) October 27, 2022

This report by @MorningContext says @BYJUS could lay off 12,000 employees, far higher than 2,500 indicated by company earlier this month.

If this is true, it’ll be one of the largest such layoffs by a startup. https://t.co/zzcPPtnIlH

— Ritu Singh (@_ritusingh) October 27, 2022

“The sales team will be the biggest hit.”

Byju’s is planning to lay off about 12,000 people, nearly 25% of its total workforce, over the next year. The company is also shutting down its IBC Knowledge Park office in southern Bengaluru.

✍️ @sahaprdhttps://t.co/J92pfyqGkE

— The Morning Context (@MorningContext) October 27, 2022

Company acquires another company to take a loan from the acquired company. https://t.co/dpNlUireLY

— Manish (@manish_shett_) October 27, 2022

Byju's will be laying off 12,000 people, 25% of its workforce. Biggest cuts will be in the sales team as it cuts costs, moves to remote sales.

Byju's continues to take any cash it can find. It has taken Rs 300 cr loan from Aakash. Imp story by @sahaprd https://t.co/KGdSie9IVc

— Ashish K. Mishra (@akm1410) October 27, 2022

The layoffs are symptomatic of an industry that is shrinking as rapidly as it expanded.

Writes @sahaprd in today's longread @MorningContext
https://t.co/lNlTNTzwlx

— Shivani Verma (@verma_shivani12) October 27, 2022

“I am not surprised at all by the number of layoffs. When a company does PR around 2,500 layoffs, the real numbers are bound to be a multiple of that.”https://t.co/J92pfyqGkE

— The Morning Context (@MorningContext) October 27, 2022

The @MorningContext story (paywalled) claims five sources. But if true even in part, it would be a stunning reversal for an #edtech company — $22B India-based Byju's — that may have taken advantage of pandemic trends and easy funding to grow far faster than ongoing market demand. https://t.co/4SfXSSvCC8

— Frank Catalano (@FrankCatalano) October 29, 2022

Byju’s which has given the pink slip its 170 employees in Thiruvananthapuram, now says it plans expand operations in #Kerala. @BYJUS @MSKiranPrakash @PaulCithara https://t.co/we3DSwyebx via @NewIndianXpress

— TNIE Kerala (@xpresskerala) October 29, 2022

I just wonder if someone would hold @BYJUS and it's founders accountable for this near massacre. Great story by @sahaprdhttps://t.co/dNRtG7JDcY

— Furquan Moharkan (@imFmoharkan) October 27, 2022

The salespeople who were fired are going to spill the beans about the rampant mis-selling at #Byju's https://t.co/TxnGHtHLnK

— Dr Aniruddha Malpani, MD (@malpani) October 27, 2022

Edtech platform #BYJU’s on October 28, 2022 said it won’t exit #Kerala, however, as part of its `ongoing organisational restructuring for profitable growth’, it was discontinuing its operations at Technopark in Thiruvananthapuram `to reduce redundancy’.https://t.co/O9EJvoSIje

— The Hindu Business (@thehindubiz) October 28, 2022

🚨🚨#SCOOP “Achieve targets or quit”: #BYJUS new sales policy triggers discontent amongst employees Pan India . The edtech giant is shutting down offices across 60 cities in India @Inc42 #BigBreak https://t.co/pI7RZPGQSu

— Bismah Malik (@bismahmalik) October 28, 2022

Break for @Inc42 : #Byjus has shut down its offices across 60 cities after the new sales policy came into effect this month. This could likely impact thousands of sales executives . Story linkhttps://t.co/pI7RZPGQSu https://t.co/iXarWrPJlk

— Bismah Malik (@bismahmalik) October 29, 2022

Byju's had acquired Aakash Educational Services for a cash and stock deal of almost $950 million in April 2021. https://t.co/NoXq1FBVm7

— Mint (@livemint) October 27, 2022