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Byju’s News: Byju’s, one of the country’s IT company, is constantly losing people’s jobs, which has become a cause for concern. The company has shown the way out to hundreds of people so far, so the remaining several hundred people may have to lose their jobs soon. After all, it is difficult to tell what is the reason for this. However, on the news of layoffs, the company says that Byju’s is a responsible organization and follows all the laws. The company provides employment to around 50,000 people across the country.
At present, Byju’s remains in the discussion, sometimes there are reports of problems in funding and sometimes asking for a resume from a large number of employees. Recently news surfaced that the company has closed an office located in Kerala and asked the employees to rejoin. According to reports, a major reason behind the removal of a large number of employees is the loss to the company. According to a report, the company had to face a loss of 4,588 crores in the year 2021. Due to which a large number of workers are losing their jobs. Although the company says that it provides employment to people and also follows all the rules.
Big decision of the company
Following a meeting between the Kerala CM and the founder of Byju’s, the company has decided to reverse the earlier decision to shut down its office operations at the Carnival building in Technopark, Thiruvananthapuram.After which now 140 employees working in the company will continue to be associated with the company.
what is byju
Byju’s is an edtech company. It is a kind of online study platform. The company was started by Byju Raveendran in the year 2011. After which an app also came. In the year 2019, the company’s evolution was $ 22 billion. Many big companies have investments in this company, from where the company gets good funding.
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