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BYJUS SALARY DELAY
Byju Raveendran vows to pay staff salaries once he regains control over accountsAccording to the founder of the troubled edtech firm, loss of control over the company’s accounts following SC staying NCLAT’s decision has...- Investor group accuses Byju’s of violating NCLT orderA group of Byju’s investors led by Dutch investor Prosus is seeking to block a $200 million rights issue and the removal of founder Byju Ra...
- Byju’s pays part of March salaries to employees, yet to clear Feb payoutsByju's CEO covers March salaries with personal debt. Blocked rights issue, $200 million raised earlier. Investors like Prosus, General Atla...
- Exclusive: Byju’s India CEO Arjun Mohan resigns, founder Raveendran to comeback at helm of daily opsByju Raveendran's return to the top of daily affairs after nearly four years is of significance as as a group of Byju’s investors voted in ...
- Byju’s arranges for alternative credit, begins March salary payoutsET had reported on April 1 that Bengaluru-based Byju's delayed salaries for workers again as amid a severe cash crunch.
- Byju’s lays off about 500 staffers, nearly half from tuition centre businessLayoff at Byju's has hit 500 staffers, affecting Tuition Centre operations, amidst a funding crisis. Staff face delayed salaries amid NCLT ...
- Byju’s clears February salary in parts for some, rest get full payment after delayEmbattled edtech company Byju's on Sunday announced that it has disbursed a portion of the pending salaries for over 20,000 employees for t...
- Unable to process salaries because of investor dispute: Byju Raveendran to staffIn an internal memo, he blamed a select few investors, and added that the amount raised through the rights issue is locked in a separate ac...
- About 13,500 employees from Byju’s, Paytm get on job-hunting missionThe job market currently has over 6,500 active and accessible professionals from Paytm and another 7,000 from Byju’s, showed data from popu...
- Byju’s credits January salaries; CEO says moving mountainsOn Friday, Byju's said an “artificially induced crisis” by a select group of investors for a delay in paying the January salaries. Raveendr...
- Byju's at war — with investors, bankruptcyByju's, in a letter, said the investors have “no voting rights to change (its) chief executive”. Byju’s top management said certain investo...
- Cash crisis induced by select investors, got 100% rights issue commitment: Byju's tells staffSuccess of rights issue will ensure sufficient operational capital to fund short-term needs from March, management says in note to employee...
- Read the full text of Byju's leadership's note to employees on salary delay, rights issueByju's top management informs employees about receiving commitments for over 100% of proposed amount for rights issue. They accuse certain ...
- From $22 billion to $1 billion: Byju’s valuation at BlackRock bottomPreviously, BlackRock had valued Byju's at $8.2 billion at the end of the March quarter of 2023. For Byju's, this is not the first valuatio...
- Liquidity crisis will be addressed in 45-60 days, I’ll be the last man standing: Byju Raveendran tells senior execsRaveendran also addressed concerns from on changes in its business plans and optimisation of cost – both on people and business front – to ...
- Byju’s may have to dip into Epic sale funds to keep lights onTroubled edtech reduces notice period to 15-30 days across staff level to cut costs
- Byju’s delays November salaries for section of employeesThe edtech giant's salary cycle resets on the first of every month. While the impacted employees are housed under Byju's parent Think & Lea...
- Byju’s remits remaining PF contribution for employees after delayAccording to EPFO rules, employers or companies are mandated to deposit the PF for a particular month by the 15th of the next month.
- Byju’s staff to get their PF dues as company transfers Rs 123 crore to EPFOAccording to people familiar with the development, Byju’s has made a payment of Rs 123.1 crore to the EPFO for a 10-month period from Augus...
- Byju’s staffers in a spot as recruiters fail to match payThree employees told ET that there is no internal communication from the management on what is happening with the business, or investors qu...
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