Divya Gokulnath, co-founder of the company revealed that they are working to expand their brand abroad with new partners in the coming future. On the other hand, he said that apart from India, they are looking to hire more than 10,000 teachers from all over the world. Gokulnath mentioned that they already have a good brand all over India. She clarified that they have plans on how to become a profitable company by 2023.
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Gokulnath explained that the budget and expenses will be reduced as part of this scheme. She added that this will increase efficiency and reduce waste. Tuition center, Byjus online learning model, learning app… these will contribute to the success of their hybrid learning model, said the Byjus director and co-founder. For this purpose, they are looking to hire 10 thousand teachers.
Byjus suffered huge losses in the financial year ended March 31, 2021. Simultaneously, it announced losses of Rs.4,588 crores. This June also the company laid off 2500 employees. Demand for edtech companies was huge during the lockdown. But now the corona has subsided and all the schools and colleges have opened. The demand for online classes and learning apps has decreased significantly. Due to this, the income of Byjus also fell. Many companies in this sector, not just Byzoos, have done the same to reduce costs. Unacademy, Lido Learning, Vedantu.. want thousands of employees.
Recently, leading tech companies like Apple, Google and Facebook have laid off employees to reduce costs. This trend has also affected IT companies in the country. They are trying to reduce the number of employees due to many reasons.
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