Amid news of edtech company Byju's having laid off 2,500 employees across its group companies, as reported in the media, the company issued a statement saying, it was "optimising" its teams across group companies.
The company added that the "entire exercise involves less than 500 employees across Byju's group companies".
"We strongly deny the misinformation presented by Moneycontrol. To recalibrate our business priorities and accelerate our long-term growth, we are optimizing our teams across our group companies. This entire exercise involves less than 500 employees from across Byju's group companies," a company spokesperson said.
Byju's on Thursday said that less than 500 people have been laid off at Whitehat Jr and Toppr, but sacked employees have claimed that 1,100 staff had been retrenched at Toppr alone.
The layoff at Toppr comes alongside Byju's group firm Whitehat Jr retrenching 300 employees in addition to the resignation of 250 employees from the company in April-May.
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.
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