Why is Bjyu’s in trouble?

Why is Bjyu’s in trouble?

Think and Learn Private Limited, which runs the ed-tech platform Byjus seems to be in trouble since it filled its results for the Financial year 2021. Byju's had a goal of going public sometime in 2022 looks now scattered and the company has announced massive job-cuts, now trying to focus on its core products. Although, the startup community of India has been quick to react to the layoffs, posting job listings via Twitter and LinkedIn and, many startups increasing their hiring to get a chunk of the talent from Byjus. Byjus is still one of the most admired startups from India and only time will tell if Byjus would be able to cope-up with this crisis and achieve its goal of an Initial public offering in the coming years.
Think and Learn Private Limited, which runs the ed-tech platform Byjus seems to be in trouble since it filled its results for the Financial year 2021. Byju's had a goal of going public sometime in 2022 looks now scattered and the company has announced massive job-cuts, now trying to focus on its core products. Although, the startup community of India has been quick to react to the layoffs, posting job listings via Twitter and LinkedIn and, many startups increasing their hiring to get a chunk of the talent from Byjus. Byjus is still one of the most admired startups from India and only time will tell if Byjus would be able to cope-up with this crisis and achieve its goal of an Initial public offering in the coming years.
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