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Edtech co Byju's slashes 500 more jobs

Business Standard  

Cash-strapped Byju’s is laying off about 500 employees, or over 3% of its 15,000-strong workforce. The new round of layoffs has mainly impacted sales, marketing, and teaching roles at the company.The edtech firm faces a severe funding crunch, battling investors and lenders, and xperiencing a markdown in its valuation.