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In 50 Words: Byju’s to cut up to 1,000 staff after missing $40m interest payment

Major Indian edtech firm Byju’s is reportedly planning further staff layoffs as part of a cost-cutting effort following a missed quarterly interest payment of US$40 million. Many of the affected employees are believed to be contractual staff on sales teams, with around 1,000 workers set to be impacted by the move.

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