Expert anticipate mild recession next year. Keeping themeselves ready for it, several tech companies globally have announced lay off in the past few months, making it one of the worst years in the industry. Meta recently laid off 11,000 employees while Twitter cut almost 50% staff this month. However, they are not alone. Several tech companies have taken the same measure to lower their cost and turn themselves profitable in coming months. Here's the list of big tech companies that laid off their employees and what is the percentage of it.
The project envisages establishment of a dedicated working group that will create a knowledge, innovation, and strategy support system, a statement said. The team will also actively monitor and evaluate programme implementation to enable efficacy and ensure better scope of delivery, it added. Effective use of technology in education can aid transformation and with Byju's joining in, the students in these aspirational districts will get an opportunity to access quality education, he added.
Byju's is offering a USD 700-800 million deal to Vedantu, a report said. Vedantu said: "This information is completely false and no such discussions have taken place with Byju's and we are not considering anything like this". Vedantu had said it expects its revenue run rate to more than double to USD 200 million and hit profitability by June next year.
BYJU's is India’s educational technology giant and the world’s second-largest edtech company. Jio Platforms is listed under the Innovators category, with Zoom, Adidas, TikTok, Ikea, Moderna and Netflix. BYJU’s is listed in the Disruptors category, alongside Tesla, Huawei, Shopify, Airbnb and DiDi Chuxing.