The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
The Economic Crisis Faced by One of the Biggest Ed-Tech Companies in the World: The Case Study on Byju's Layoff
Author(s): Ranita Basu (Woxsen University, India)and Anindita Majumdar (Woxsen University, India)
Copyright: 2024
Pages: 8
EISBN13: 9798369352595
Purchase
View Sample PDF
Abstract
The Indian startup ecosystem has hit funding winter, leading to significant layoffs, leaving thousands of employees without jobs. In the 1st half of 2023, more than 16000 employees were laid off from different start-ups. Start-ups that used to depend on external agencies for investment had to sack employees because of funding shortages. One such example is Byju's, the leading ed-tech firm. This case study examines Byju's, a prominent player in the Indian education technology (EdTech) sector, and its recent layoff decision in response to the challenges posed by rapid market expansion and evolving dynamics. In 2023, the company implemented a significant layoff affecting more than 60% of its workforce, which aimed to optimize costs, streamline operations, and maintain competitiveness. This study explores the reason behind the layoff, its outcomes, lessons learned, and its implications for the EdTech industry, highlighting the importance of adaptability, employee welfare, and strategic focus in navigating dynamic markets.
Related Content
|
Stutee Mohanty, Suresh Kumar Sahoo.
© 2023.
17 pages.
|
|
Nandan Kumar Singh, Vinay Ramani.
© 2022.
23 pages.
|
|
Emre Yaşar, Bilal Nadir Alkan, Harun Reşit Gündoğan.
© 2024.
22 pages.
|
|
Seulgi Park, Patricia Gettings.
© 2022.
20 pages.
|
|
Grace C. Khoury, Leila Amer, Zein Khalaf.
© 2014.
19 pages.
|
|
|