According to The Economic Times, almost half of Byju’s employees are seeking jobs elsewhere amid layoffs and financial troubles at the top edtech firm, but most of them are not finding takers amid a hiring slowdown in the edtech domain, recruiters told ET.
Till last March, Byju’s had about 55,000 employees, according to earlier media reports.
Anshuman Das, co-founder of talent solutions provider Careernet, said more than 60% employees of one of the leading edtech firms are on the lookout. “However, the job market is not favourable currently as there are not enough jobs to absorb them all,” he said.
Edtech industry insiders confirmed there is a hiring slowdown in the sector over the last few quarters partly due to a prolonged funding winter.
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