Byju’s, the Indian edtech firm, will skip campus placements this year as part of its cost-cutting drive, having already laid off over 13,000 employees in the past year. While discussions have occurred with various engineering colleges, including prestigious Indian Institutes of Technology (IITs), no hiring schedule has been confirmed. An insider indicated that Byju’s is unlikely to hire from campuses this year due to ongoing restructuring efforts, which are expected to take 6-7 months to complete. The company’s cost-rationalization plan, aimed at bolstering profitability, will prioritize core areas over the next six months. Byju’s had refrained from recruiting at some top IITs last year, and student interest in their placements may remain low given recent layoffs.
Byju’s to Skip Campus Placements This Year as Cost-Cutting Measures Intensify
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