BYJU's News & Updates

[Jonas]

Byju’s initiates layoffs via phone calls; lets go staff without PIP, notice period amid dire financial strain

Byju's new round of layoffs may impact anywhere between 100 to 500 employees, especially within the sales function of the company, sources told Moneycontrol. The names of employees in the story have been changed to preserve confidentiality.

www.moneycontrol.com

 

[Sushubh]

Ex-Byju’s staff face hiring blacklist - Jobs and Career News | The Financial Express

 

[Smh]

Bad karma? from scamming all those poor students and their parents.

 

[Sushubh]

owner to dubai bhag gaya i read somewhere.

 

[Smh]

He made his money, would be surprising if he didn't.

Dumb VC money pumping BS.

Most Indian companies specially sales related work is toxic banks, insurance etc. These guys would be able to find plenty such jobs with their mis-selling expertise.

Ab inki bhi majboori hai market hi Aisa hai and lack of opportunities for honest work.

 

[Jonas]

Byju’s employed hardcore sales managers who would deliver numbers at any cost. Had it been any other industry, future employers would let it slide. But practicing that in the education industry in a B2C setting involving vulnerable parents and students means a new low.

 

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[Navjot Singh]

HSBC believes that $22 billion Byju’s is now worth zero | TechCrunch

In a research note, HSBC estimates that the Indian edtech giant Byju's, once valued at $22 billion, is now worth nothing. HSBC estimates that the Indian edtech giant Byju's, once valued at $22 billion, is now worth nothing.

techcrunch.com

 

[Sushubh]

Byju’s largest investor Prosus writes off its $500-mn bet | The Arc

Prosus had picked up close to 10% stake in the ed-tech major once valued at $22 bn.

thearcweb.com

 

[Sushubh]

Byju’s Pushed Into Insolvency Proceedings by India Cricket Body

The storied founder of Byju’s is losing control of his eponymous company after an Indian court pushed it into insolvency, a landmark ruling that may seal the fate of a startup that once symbolized India’s technology ambitions.

www.bloomberg.com

 

[Sushubh]

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