Indian edtech startup Unacademy cuts 350 jobs, or 10% of its workforce, in its second round of layoffs this year after cutting 1,000 roles in April 2022 (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Indian edtech giant Byju’s plans to lay off 5% of its workforce, or around 2,500 people, in a bid to achieve profitability by 2023  —  Indian edtech giant Byju’s said on Wednesday it has eliminated 5% of its workforce, or about 2,500 roles, across multiple departments as it looks to improve …

Manish Singh / TechCrunch:
Indonesia’s GoTo Group cuts 1,300 jobs, or ~12% of its workforce, to trim costs and improve finances  —  GoTo Group is cutting 1,300 jobs, or 12% of its workforce, it informed staff early Friday, as Indonesia’s largest internet company attempts to trim costs and improve finances.

Casey Newton / @caseynewton:
Sources: Twitter has eliminated ~4,400 of its ~5,500 contract staff, with cuts expected to significantly impact content moderation and the core infrastructure  —  Update: company sources tell me that yesterday Twitter eliminated ~4,400 of its ~5,500 contract employees, with cuts expected to have significant impact to content moderation and the core infrastructure services that keep the site up and running. People inside are stunned.

Manish Singh / TechCrunch:
Prosus Ventures terminates its deal to acquire Indian payments company BillDesk for $4.7B in cash, saying “certain conditions precedent” were unfulfilled  —  Prosus Ventures has called off the $4.7 billion merger of BillDesk it announced last year, saying “certain conditions precedent” …

Annie Palmer / CNBC:
Amazon pauses hiring for roles in its corporate workforce after announcing last month that it would freeze hiring for corporate roles in its retail business  —  KEY POINTS  — Amazon is pausing hiring for roles in its corporate workforce, the company announced in a memo to staff Thursday.

Deepsekhar Choudhury / Moneycontrol:
Source: Indian B2B marketplace Udaan plans to lay off 325 to 350 employees, or about 10% of its workforce, a week after raising $120M in convertible debt  —  Up to 350 on-payroll employees to get impacted, apart from a number of contractual workers  —  A week after securing $120 million …