Byju’s, which grappled with mounting losses after the pandemic-era boom in online tutoring petered out, is planning to shut down one of its acquisitions, coding platform WhiteHat Jr as part of its cost-cutting measures, according to media reports.
BYJU’S has been in talks in recent weeks about shutting down the coding platform. However, it has not reached the decision yet, according to a report by TechCrunch. Almost a year back, the e-learning startup laid off nearly 300 employees globally as the sector continues to witness restructuring and cost cutting across major edtech firms.
The downsizing has affected employees both in India and other geographies, where the code-teaching platform operates. While the coding platform has been embroiled in a number of controversies — whether it be for misleading advertising, layoffs, BYJU’S is looking to eliminate a business unit that has drawn considerable criticism to the firm, TechCrunch reported.
Recently, the edtech firm held discussions for the shutting down of WhiteHat Jr. However, it has not reached any decision yet. BYJU’S, which is taking many cost cutting initiatives, spent about $14 Mn a month on the coding platform until now, the report said quoting sources, Byju’s, which grappled with mounting losses after the pandemic-era boom in online tutoring petered out, is planning to shut down one of its acquisitions, coding platform WhiteHat Jr as part of its cost-cutting measures, according to media reports. BYJU’S has been in talks in recent weeks about shutting down the coding platform. However, it has not reached the decision yet, according to a report by TechCrunch.
Almost a year back, the e-learning startup laid off nearly 300 employees globally as the sector continues to witness restructuring and cost cutting across major edtech firms.
The downsizing has affected employees both in India and other geographies, where the code-teaching platform operates.
While the coding platform has been embroiled in a number of controversies — whether it be for misleading advertising, layoffs, BYJU’S is looking to eliminate a business unit that has drawn considerable criticism to the firm, TechCrunch reported.
Byju’s, which grappled with mounting losses after the epidemic-period smash in online training petered out, is planning to shut down one of its accessions, rendering platform WhiteHat Jr as part of its cost- cutting measures, according to media reports. BYJU’S has been in addresses in recent weeks about shutting down the rendering platform. Still, it has not reached the decision yet, according to a report. Nearly a time back, thee-learning incipiency laid off nearly 300 workers encyclopedia cally as the sector continues to witness restructuring and cost slice across major edtech enterprises. The downsizing has affected workers both in India and other topographies, where the law- tutoring platform operates. While the rendering platform has been bogged in a number of difficulties whether it be for misleading advertising, layoffs, BYJU ’S is looking to exclude a business unit that has drawn considerable review to the establishment, TechCrunch reported. Lately, the edtech establishment held for the shutting down of WhiteHat Jr. still, but it has not reached any decision yet.
BYJU ’S, which is taking numerous cost cutting enterprise, spent about $ 14 Mn a month on the rendering platform until now, the report said quoting sources, Byju’s, which grappled with mounting losses after the epidemic- period smash in online training petered out, is planning to shut down one of its accessions, rendering platform WhiteHat Jr as part of its cost-cutting measures, according to media reports. BYJU’S has been in addresses in recent weeks about shutting down the rendering platform.
Still, it has not reached the decision yet, according to a report by TechCrunch. Nearly a time back, thee-learning incipiency laid off nearly 300 workers as the sector continues to witness restructuring and cost slice across major edtech enterprises. The downsizing has affected workers both in India and other topographies, where the law-tutoring platform operates. While the rendering platform has been bogged in a number of difficulties whether it be for misleading advertising, layoffs, BYJU ’S is looking to exclude a business unit that has drawn considerable review to the establishment, TechCrunch reported.