Page 18 - Great Learning News Today

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Edtech major Byju's, which has missed its deadline to file the FY22 financial results in September, said on Saturday that it will now release the financial statement for FY22 in October.In a statement, the company said it will convene a board ...

Troubled edtech decacorn BYJU’S has missed its deadline to release its much-delayed financial numbers for FY22. 

Edtech major Byju's, which has missed its deadline to file the FY22 financial results in September, said it will now release the financial statement for FY22 in October.

The Board of Directors, along with the Advisory Council and certain invitees, will meet to formally adopt the audited accounts, the spokesperson added. Earlier this year, the ed-tech company told its investors and lenders that it would file its FY22 financial statements by September. �� Byju’s Misses Deadline To File FY22 Financials Results in September, Will Release Financial Statement in October.

The demand for fast-paced and rigorous skilling programs, known as "bootcamps," has increased significantly in India due to a dull job market and the rapid pace of change in tech job profiles. Many young graduates are enrolling in these programs to gain new-age tech skills and improve their employability. Companies like Great Learning, Upgrad, Coding Ninjas, Scaler, and Newton School have seen a 2-3 times increase in demand for bootcamps in the last 6-12 months.

BYJU’S will put participating in campus hiring on hold this year as it carries out extensive cost-cutting measures to stabilise the ship.

The sacking of more than 4,000 employees shows us that BYJU’S is plagued by some very old problems that have become hard to get rid of

Byju’s, a prominent edtech company, has made the strategic decision to rebrand its subsidiary, WhiteHat Jr , while integrating...

Arjun Mohan, who took charge as the new chief executive of the India business at Byjus last Wednesday, is set to unveil a series of changes at the financially troubled edtech firm, including cutting the headcount by a third or about 4,000-4,500 people to further tighten costs, people aware of the matter said.