Indian edtech Byju's cuts 2,500 jobs after huge losses

Company looks to shift marketing strategy as deficits grow twentyfold

20221012N Byju's

Indian education startup Byju seeks to return to profitability by March next year by cutting staff.  © Getty Images

SAYAN CHAKRABORTY, Nikkei staff writer

BENGALURU -- India's largest online education startup Byju's will cut jobs and change marketing strategies as its seeks to turn profit in the financial year ending March 2023, the company said on Wednesday.

About 2,500 people across the product, content and technology teams will lose their jobs as part of restructuring as Byju's seeks to consolidate companies such as Toppr, Meritnation, TurtorVista, Scholar and HashLearn, which it had acquired over the years to strengthen its educational offerings.

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