Troubled edtech giant Byju’s has laid off nearly 600 employees from its content and marketing teams. Meanwhile, Byju’s lenders win the battle over $1.2 billion term loan.

Byju’s slashes 600 jobs

After a year-long delay due to governance issues, indian education startup byju said that losses at its parent company narrowed only marginally amid a pandemic-era economic boom. That highlights the firm's issues with creditors over a 1.2 billion dollar debt. Bengaluru-based online teaching service think & learn reported an operational loss of 271 million dollars in 2021-2022, down 6% from 292 million dollars a year earlier.

Byju's reports operational loss of $271 million in 2021-22

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Byju’s slashes 600 jobs

Byju's reports operational loss of $271 million in 2021-22