Byju's, a leading EdTech company, has initiated a new round of layoffs, affecting approximately 500 employees across various business verticals, including nearly half from its tuition center operations. The layoffs, which began two weeks ago, have primarily impacted the company's sales function. Employees discovered their job loss through emails and phone calls, without being put on a performance improvement plan. The layoffs come as Byju's faces financial strain and legal challenges with investors. The company's tuition center operations and broader business verticals such as K-10 and examination preparation have been significantly affected. Sources including Moneycontrol and CNBCTV18News have confirmed the layoffs.