Byju's to skip campus placements for cost-cutting

The company's intensive cost-cutting measures, Byju's will not undertake campus placements this year. As part of its cost-reduction drive, the edtech company has let off more than 13,000 employees in the previous year. Byju's has discussed campus recruitment with a number of engineering colleges, including certain Indian Institutes of Technology (IIT)s. According to the article, they have not yet received any confirmation regarding the hiring timeline.

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Citing an individual familiar with developments in the company, the report stated, "Byju's is unlikely to hire from any campus this year, and it will take about 6-7 months for the restructuring in the company to be completed. Until then, costoptimisation plans won't permit any hiring." The company has been working to rationalise its costs for the last 12 months, and the recent layoff announcement marks the company's fourth such decision since last October.