People walk past an advertising hoarding of Byju's, an Education Technology company and one of India's biggest startup, outside one of its branch in New Delhi, India, June 23, 2023.
REUTERS/Adnan Abidi/File Photo Acquire Licensing RightsSept 26 (Reuters) - Indian education firm Byju's plans to cut around 5,500 jobs to decrease costs amid a restructuring of its business, the Economic Times reported on Tuesday.
The firm, valued at $22 billion last year, has experienced a series of business setbacks, including its auditor and board members quitting.
In the last few months, it has also been negotiating the repayment of a $1.2 billion loan.
(This story has been corrected to change Arjun Mohan's designation to say CEO of Byju's India business, not the company, in paragraph 2)Reporting by Shivani Tanna in Bengaluru; Editing by Pooja Desai私たちの行動規範：トムソン・ロイター「信頼の原則」
Persons:
Adnan Abidi, Arjun Mohan, Byju's, Arjun, Shivani Tanna, Pooja Desai 私
Organizations:
Education Technology, REUTERS, Economic Times
Locations:
New Delhi, India, Bengaluru