The edtech sector has seen thousands of layoffs after it miscalculated its growth trajectory in the pandemic-led haze. Even startups in other segments have been impacted as the funding tap dried up. But Byju’s employees have it worse. Job insecurity looms like a constant threat. Despite this, they can’t just quit because the opportunities outside are scarce. Those who manage to get a job may have to take a sharp pay cut. And the recruiters are very cognisant of this. It’s not a great time to be in the job market, given the current low demand in this space.
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