Ed-tech main BYJU’s said on Thursday that lower than 500 folks have been laid off at Whitehat Jr and Toppr, however sacked workers have claimed that 1,100 workers had been retrenched at Toppr alone.
“To recalibrate our business priorities and accelerate our long-term growth, we are optimising our teams across our group companies. This entire exercise involves less than 500 employees from across Byju’s group companies,” Byju’s spokesperson mentioned.
The layoff at Toppr comes alongside BYJU’s group agency Whitehat Jr retrenching 300 workers along with the resignation of 250 workers from the corporate in April-May.
Toppr’s sacked workers talked about that they obtained a name from the corporate on Monday and had been requested to resign, failing which they are going to be terminated with none discover interval. “I am part of the Chemistry subject matter expert. My entire team has been laid off. Toppr has promised 1 month’s salary for those who resign and no salary for those who don’t. Around 1,100 people have been laid off at Toppr,” a Toppr worker, who didn’t want to be named.
Another worker, who has been laid off by Toppr, mentioned that earlier this yr everybody was assured by the highest administration, together with Hayath, that there’s a excessive development alternative for the staff within the firm. “However, we have been getting some indication about low business after offline classes resumed across the country. I have worked at Whitehat Jr also. Online education is unable to match offline class,” the worker added.
A question to Toppr co-founder Zeeshan Hayath on his WhatsApp didn’t elicit any response.
When contacted, Whitehat Jr spokesperson mentioned that the choice has been taken to realign enterprise priorities and speed up outcomes with a give attention to long-term development.
“As part of our back-to-work drive, most of our sales and support employees have been asked to report to Gurgaon and Mumbai offices from April 18. We have made exceptions for medical and personal exigencies and have offered relocation assistance as required. Our teachers will continue to work from home. We continue to invest in developing relevant curriculum for students and build a strong teacher community with high recruitment and training standards,” spokesperson, Whitehat Jr mentioned.
BYJU’s acquired Toppr for about $150 million in July final yr.
Ed-tech companies Unacademy, Vedantu, Lido, Frontrow, Lido and many others have cumulatively laid off hundreds of individuals this yr.
With inputs from PTI.
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Source: www.financialexpress.com”