Byjus claims it is optimising teams despite layoffs.

Edtech firm Byjus laid off 2,500 workers across its group businesses . Firm issued statement claiming it was expanding workforce across group companies .

Following the revelations by Moneycontrol of edtech firm Byjus that it has laid off 2,500 workers across its group businesses, the firm went into disaster control and issued a statement claiming that it was expanding its workforce across group companies.According to the report, the entire exercise would employless than 500 people from Byjus group businesses.We adamantly oppose Moneycontrol's lies.We are expanding our teams across our group businesses to realibrate our corporate priorities and accelerate our long-term growth.According to a company spokesperson, Byjus is looking to cut costs as demand for edtech services escalating after two years of high growth.Byjus laid off full-time and contract workers from Toppr and WhiteHat Jr., as well as its core team in sales and marketing, operations, content, and design teams on June 27 and 28, according to a Moneycontrol report.

Prior to this, they were layoff employees from companies they acquired so that their name does not appear directly, but now they have laid off employees from its core activities, according to the Moneycontrol study, which cited source-based data.According to the Moneycontrol report, Byjus has laid off about 1,200 employees from Toppr alone.According to the study, about 300-350 permanent employees from Toppr were laid off, while another 300 employees were encouraged to submit their resignations or were told that their terms would expire at least 1-1.5 months before the end of the year, according to the study.The Top administration also sought to integrateToppr's operations with it.Therefore, many jobs will become redundant for obvious reasons other than educators.