Education-technology giant
Byju's is set to let go of
around 1,000 more people, The
Morning Context has reported
. Marketing managers have been asked to fire two people each from sales and marketing from each of its 280 tuition centres across the India, citing
Economic Times’ report.
Nearly
150 marketing managers may also be handed the pink slip. The report added that
two months of salary will be given out as severance pay amidst a severe cash crunch, while many senior managers and assistant general managers have already left the firm headquartered in Bengaluru.
The move will hurt the sales and marketing teams the most, The Morning Context reported on Wednesday (7th June 2023).
Several senior managers and assistant general managers in sales have reportedly already left the Bengaluru-headquartered firm.