Byju's group firm Toppr lays off 1,100 employees in a day to cut costs

Toppr's sacked employees said that they got a call from the company on Monday and were asked to resign, failing which they will be terminated without any notice period.

Toppr.com
"I am part of the Chemistry subject matter expert. My entire team has been laid off. Toppr has promised 1 month salary for those who resign and no salary for those who don't," a Toppr employee, who did not wish to be named, told PTI.
Press Trust of India New Delhi
2 min read Last Updated : Jun 29 2022 | 10:51 PM IST

Edtech major Byju's group firm Toppr has laid off 1,100 staff or about 36 per cent of its workforce from the company earlier this week, according to some of the employees who have been hit by the decision.

Toppr's sacked employees said that they got a call from the company on Monday and were asked to resign, failing which they will be terminated without any notice period.

"I am part of the Chemistry subject matter expert. My entire team has been laid off. Toppr has promised 1 month salary for those who resign and no salary for those who don't," a Toppr employee, who did not wish to be named, told PTI.

A query to Toppr co-founder Zeeshan Hayath on his WhatsApp did not elicit any response.

Byju's acquired Toppr for about USD 150 million in July last year. Another employee, who has been laid off by Toppr, said that earlier this year everyone was assured by the top management, including Hayath, that there is a high growth opportunity for the employees in the company.

"However, we have been getting some indication about low business after offline classes resumed across the country. I have worked at Whitehat Jr also. Online education is unable to match offline class," the employee said.

The development comes after another Byju's group firm Whitehat Jr has laid off 300 employees. Edtech firms Unacademy, Vedantu, Lido, Frontrow, Lido etc have cumulatively laid off over thousands of people this year.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Byju'sEdTechOnline education

First Published: Jun 29 2022 | 10:51 PM IST

Next Story