Bengaluru: Around 62 employees of Byju's issued a notice on Thursday. Demand Notice Loss of more than Rs 2.3 crore Troubled EdTech Startups,
This notice is issued for the following reasons: unpaid salary An employee, on condition of anonymity, told Times of India that the company has to pay Rs 10 lakh more in arrears to these employees from January.
The Times of India has reviewed the notice issued by the Bengaluru-based newspaper. Canvas Legal,
This latest development comes after a series of controversies that Byju's has been embroiled in over the last two years including a massive drop in valuation, leadership exodus, multiple legal battles against investors, vendors, and layoffs.
Questions asked by Times of India to the company spokesperson on this matter could not be answered till the time of writing the news.
Its founder Byju Raveendran, who took over day-to-day operations in May, met 1,500 sales associates and managers on Sunday to discuss new models for their pay, sales and product pricing. The move is expected to revive parts of the business that have been cash-strapped.
This notice is issued for the following reasons: unpaid salary An employee, on condition of anonymity, told Times of India that the company has to pay Rs 10 lakh more in arrears to these employees from January.
The Times of India has reviewed the notice issued by the Bengaluru-based newspaper. Canvas Legal,
This latest development comes after a series of controversies that Byju's has been embroiled in over the last two years including a massive drop in valuation, leadership exodus, multiple legal battles against investors, vendors, and layoffs.
Questions asked by Times of India to the company spokesperson on this matter could not be answered till the time of writing the news.
Its founder Byju Raveendran, who took over day-to-day operations in May, met 1,500 sales associates and managers on Sunday to discuss new models for their pay, sales and product pricing. The move is expected to revive parts of the business that have been cash-strapped.