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Byju's cuts jobs, lays off over 1,000 employees
- Byju's cuts workforce by 1,000-1,200 as part of cost reduction effort.
- Affected teams include engineering, sales, logistics, marketing, and communications.
- Despite previous reassurances from CEO Byju Raveendran, the company has gone ahead with layoffs.
- Raveendran stated in an October internal email that the company will prioritize rehiring laid-off employees for newly created relevant roles.
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