Byju's fired 100 employees following a performance review

Ed-tech start-up Byju's has let go of around 100 employees from the mentoring and product expert teams due to poor performance. The move comes as the company tries to negotiate the conditions of its $1.2bn term loan with its creditors, after failing to meet an initial deadline in early August. The company's additional challenges include postponed financial reporting and the departure of previous auditor Deloitte. Over the past year, Byju's has previously laid off more than 3,000 workers. https://ift.tt/2UuOY93