This comes a day after Moneycontrol reported that the cash-strapped edtech company has rolled out a new policy linking sales staff’s salaries to the revenue they generate every week.
The new company policy is currently applicable to sales teams, including the Inside Sales (IS) and Byju’s Exam Prep (BEP) teams, according to an internal company document. Byju’s did not immediately comment on the new policy. �� Byju’s Financial Crisis: Edtech Platform Links Sales Employees’ Salaries to Weekly Revenue Generation Amid Cash Crunch.
NCLT levies Rs 20,000 cost on Byju's for not filing response to Surfer Tech plea moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
A group of Byjus investors led by Dutch investor Prosus is seeking to block a $200 million rights issue and the removal of founder Byju Raveendran as CEO of the edtech firm.
Byju Raveendran, the founder and CEO of the company has taken on more personal debt to make payroll for the month of March, a source told Moneycontrol.
Byju’s has already initiated layoffs on phone calls, letting go about 100 to 500 employees without putting them on a performance improvement plan (PIP) or having them serve a notice period
New Delhi, Embattled edtech platform Byju's finally started disbursing salaries to its thousands of employees for the month of March after arranging an alternative