Byju Layoffs started employees are getting fired over phone call without any notice

Byju Crisis: Edtech company Byju's, which is stuck in financial crisis, has not been able to pay the salary to its employees even for the month of March. Now reports of layoffs (Byju Layoffs) have also started appearing in the company. Questions are being raised on the path adopted by the company for retrenchment. Employees claim that they are being fired from the job by calling from HR. They are not even being given any notice. The company plans to fire 500 to 1000 employees. Byju has snatched away the jobs of about 10 thousand employees in the last 2 years.

employees being fired immediately

Company sources told Money Control that no information is being given to the employees about this layoff. An employee named Rahul told that on March 31, he received a call from the HR department of the company. HR told him that the company has decided to fire him. His last day will also be 31st March. When Rahul wanted to know the reason from HR, HR cited the poor financial condition of Byju. Also told that the list of employees being fired has been sent by the top management. When Rahul started recording this conversation, HR expressed objection and disconnected the call and blocked his number. According to the last information given by the company, about 14 thousand employees work in Byju.

Company quote: Restructuring the business

Byju spokesperson confirmed the layoffs and said that they are restructuring the business. We had announced this in October 2023 itself. We want to reduce costs and manage cash. He told that the company is in trouble due to dispute with the shareholders. Due to this, employees are also under immense pressure. According to the report, after the phone call, layoff emails are also being sent to the people by the company. The worst impact of this layoff has been on the sales department.

Salary delayed for the third consecutive month

There was a report on Tuesday morning that Byju's employees have not even received their March salaries on time. This is the third consecutive month when employees will have to wait for their salaries. The management of the company had informed the employees about this by sending an email. Byju has blamed foreign investors for this salary crisis. The company assured the employees that efforts are being made to obtain a line of credit to arrange salaries by March 8.

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