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BYJU’s Layoffs: Amid Inflation, Debt, Can Indian EdTechs Ensure Their Profits?

Like education, IPOs of shares are new-age consumer goods to be packaged, marketed and sold at hefty profit margin.

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If you are a young, educated Indian looking for a stable and secure job, you are better off ignoring hot startups and looking somewhere else, say, the Union Public Service Commission(UPSC)— the place from where the government hires everyone from lowly clerks to high diplomats. But hey, who said state jobs are necessarily safe? Even the armed forces now have an Agniveer scheme that is well-packaged to find fighting recruits but without the old-world guarantee of long-term employment.

Employment is not what it used to be, and you need to look no further than BYJU'S — Sponsors of the Indian cricket team, to learn that everything is not, need not be or will not be as glorious as it might seem from the fancy ads, high-value venture funding and the media hype that fans it all.
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