Byju's Staff Left Guessing As They Get Laid Off Over Phone Calls Amid Edtech Firm's Financial Woes

Amidst financial turmoil and legal challenges, troubled edtech firm Byju’s has reportedly begun a new wave of layoffs, affecting hundreds of employees across the organisation.

What Happened: Between 100 and 500 employees could be affected in this round of terminations, Moneycontrol reported, quoting sources familiar with the matter.

The decision to downsize comes as Byju’s grapples with mounting financial pressures and legal disputes with investors and stakeholders. Over the past two years, the company has let go of over 10,000 employees, attributing the layoffs to a broader restructuring effort aimed at streamlining operations, reducing costs, and managing cash flow more effectively.

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Not Your Usual Layoff: Unlike traditional termination procedures involving performance improvement plans (PIPs) and notice periods, Byju’s has reportedly axed employees over the phone, catching many employees off guard.

Affected employees told the business publication that they received a phone call from the human resources department followed by a confirmation email, leaving them uncertain about their futures and the reasons behind their dismissals.

The lack of transparency surrounding these layoffs has left employees in the lurch and guessing at the reasons for their dismissal. While some believe it’s linked to high salary packages, others suspect it may be based on sales targets or other undisclosed factors.

The situation underscores the challenges faced by Byju’s amid financial constraints and legal battles. With delayed salaries and unresolved legal disputes adding to the uncertainty, employees find themselves in a precarious position, uncertain about their livelihoods and the future of the company.

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