Truly sorry to those who'll have to leave Byju's, says Raveendran to staff

The edtech giant has to sever 2,500 employees to avoid role duplication across businesses, says founder in a letter to employees

Byju Raveendran, chief executive officer and founder of Byju’s said that the edtech giant has to part ways with 2500 employees to avoid role duplication across the company’s businesses. The firm, which is valued at $22 billion, is targeting to be profitable by March next year.

“There is a huge price to pay for walking on this path to profitability,” said Raveendran in an internal company letter addressed to the employees and reviewed by Business Standard. “We have always taken pride in taking care of our employees and retaining them forever. So, it is with a heavy heart that we