BYJU’S targets to reach break-even by March, hive off Epic

Edtech firm BYJU’S aims to achieve profitability by March 2024 through organisational consolidation, restructuring, and settling a $1.2 billion loan. The company plans to reduce its workforce by 3,000-3,500 employees by eliminating duplicated roles. BYJU’S plans to hive off its EPIC division to help settle the loan.