What's happening with access to Salesforce, Tableau, and Tooljet at BYJU'S. Has it been restored? Partial vendor payments made ?

The new head of HR who came from Infy has been given a mandate to clean up the house and there are multiple people ( still) drawing salaries upwards of 50 Lakh to 2 Cr who have been asked to move out if they have not moved out already . Even one of Byjus Relatives in a head role has been asked to move out

What is even happening there? As per newspaper article from today https://www.thehindubusinessline.com/companies/byjus-hasnt-paid-pf-money-for-months-show-epfo-data/article67008329.ece/amp/

NCLT has frozen Byju's bank accounts. A big blow not to Byju's, but to those waiting for salaries and payouts. This process usually takes petitions in court to resolve and isn't straightforward. https://timesofindia.indiatimes.com/business/india-business/fresh-trouble-for-byjus-as-nclt-blocks-rights-issue/articleshow/110979870.cms

First the audit report got delayed. Now they’ve reported a loss of over 4.5k cr. And I believe they’re like a mothership of edtech, if they gone down then the entire category goes down from an investment perspective

Just heard that Byjus is about to close $250 million funding. Can someone confirm if this is true?

> Byju's was their top client, after Byju's lost its glory - LSQ lost business and is on the same path as Byju's. > They are firing freshers who are in the system for just 1 month > LSQ founder has started another company Anyone who can throw more light?

First, they had a layoff. Lot of good people quit including great people Then, they had a second lay off Some great people in the leadership quit. Middle management people are quitting every day. Only engineers and other people who are not able to get jobs are remaining They shut down majority of US acquisitions They are trying to sell some of them like Tynkr and Epic Not able to raise funding till now even though trying since December Sales is down 90% New Inside Sales process is not working They are out of runway.

Have been a sales guy from more than 4 years now. During the bull market, the perks were amazing. Shit has hit the fan rn, most of the folks aren’t getting full and final settlement. Appraisals and increments are on hold indefinitely. Haven’t received arrears from a long time, even after multiple commitments from the management. Haven’t received sales incentive from last 3 months. Start finding new roles :/, we’re all f.

Name of company Months left according to you Reason For me: Byjus 7-8 months max Selling tabs and doing fraud with poor parents In name of edtech doesn't work