Layoff Update: According to the report, Ed-Tech company Byju’s has retrenched people working on higher salary this time. As per the report, within 2 hours of HR’s phone call, the mail was sent to the people.
Byju’s Layoff: Big news is coming out about Byju’s, an ed-tech company surrounded by crises. The company has once again laid off. According to reports, Bayuse has evicted 495 people this time. The company, which is facing financial crisis, has laid off several times earlier this year. Tell me, the people who have been retrenched this time were put in the July Performance Improvement Plan (PIP).
According to the report of ET, this time the company has retrenched the people working on more salary. As per the report, within 2 hours of HR’s phone call, the mail was sent to the people. Let me tell you, 500 to 1000 employees were fired in June.
What did the spokesperson of Byju’s say?
Byju’s spokesperson has agreed to the performance improvement plan. He has said that only 100 people have been retrenched. A Byju’s spokesperson said, “There has been no retrenchment in the SAIL division. Whereas during the last 2 months the company has got 200 people joining.
Richard Lobo got a new job
This week, Byju’s has appointed Richard Lobo as exclusive advisor. They have to assist in HR functions as well as advise the management regarding organizational changes. For the last few months, the company has been facing many different challenges. From the resignation of the director to the legal battle over a loan of $1.2 billion, the company has faced new difficulties.
