Indian ed-tech firm byju's has laid off nearly 1,500 employees, as the company faces financial difficulties due to the pandemic. The layoffs, which account for about 8% of the company's workforce, are reportedly part of a cost-cutting measure to help the company stay afloat in light of the global economic downturn caused by the coronavirus pandemic. byju's, which is currently valued at $10.5 billion, is one of India's most prominent Education Technology firms. The company has been on a rapid growth trajectory since its Launch in 2011, with its app being downloaded by over 50 million people.
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