SparklyUnicorn
SparklyUnicorn

Ambani - BYJU'S

Mukesh Ambani and Reliance are planning to buy out BYJU'S liabilities in the Bankruptcy process at throw away valuations.

Since existing investors have lost interest in the company, now their say won't matter. The highest bidder will be able to buy out BYJU'S.

Great opportunity for Ambani's, Tata's and Adani's of the worst. The infra, IP and tech that BYJU'S has is easily worth more than a Billion dollars cakewalk. This is way lesser than their liabilities.

Looks like the employees and ex employees are after all safe.

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WigglyTaco
WigglyTaco

Interesting. That means Jio and Mota bhai will have a pie in every aspect of the Indian economy from the government to the infrastructure to the education that is imparted. Good good

JumpyWalrus
JumpyWalrus

Sarcasm ๐Ÿ˜‚

WobblyRaccoon
WobblyRaccoon

Reliance modus operandi if acquired Divide workforce into 3 tiers

  1. People who are paid way too much and have critical business know how
  2. People who are middle tier
  3. People who are required to run the business

Tier1 will have a leeway of 2 years till trusted people from Reliance learn the ropes of the business (less if learning is faster)

Tier2 will be thrown too much work (additional tasks from other businesses or role changed to include sales target)

Tier 3 , business as usual

Some people from Tier 2 , who canโ€™t adopt to Reliance way of working will leave or get fired. Tier 1 will definitely be out in 2 years barring 1/2 exceptions

Tier 3 , progress with natural attrition

Same template is followed for each new business in Reliance.

ZoomyBanana
ZoomyBanana

Cool. How do you know ?

WobblyRaccoon
WobblyRaccoon

Heard from a reliable colleague who was in Reliance and was offered the opportunity to become part of Tier 1 takeover insider team.

PrancingPotato
PrancingPotato

Seems to be an insider info. Thanks for sharing.

Though I think if this happens there will be restructuring which might result in layoffs.

PerkyBanana
PerkyBanana

What is the infra, and tech here?

SillyMochi
SillyMochi

Website, app and their 3d videos , Infra means Tables , chairs and building

ZippyBanana
ZippyBanana

Is this the way of the future? Most of the startups being brought by these giants at throwaway prices. Big basket, dunzo and now byjus?

DizzyUnicorn
DizzyUnicorn

Looks like fake news

PerkyWalrus
PerkyWalrus

Remove Byju

ZippyTaco
ZippyTaco

Reliance already have an Edtecg arm called Embibe and they aren't able to manage it only. Highly doubtful that'll be putting their hands in it again.

JumpyBanana
JumpyBanana

I would still say it's easier and cheaper to build a new byju

BouncyBurrito
BouncyBurrito

If Ambani takes over we will get a course for 1000 - 2000 rupees all coaching classes will get closed

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Good morning! Too much has happened in the last 24 hours, weโ€™re going double the size of our 5 news a day quota - here we go:

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Whoever is curating this, kudos. Job well done!

Layoffs
by FuzzyPickleSoftware Engineer

Byjus 6th Round on 4th Dec ๐Ÿฅฒ

30% of engineers will be gone. 50% of higher managenment will be gone. List contains a total of 80 devs/managers/directors/Vp/CTO from Tech team, reducing the Tech Team size to merely 130.

How does byjus justify their valuation, when th...

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Amazing pic. Byju failed whole EdTech ecosystem along with gaurav k man ka Jaal. Had huge hope from these 2...