Byju’s hasn’t paid PF in months apparently?

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

Will these cash burning companies just continue raising money and biding time or will they implode soon? Not well informed on this, genuinely want to know how this works And what happens to their 1000s of employees

Heard that there has been some senior management connect, where in due to financial constraints & lack of new round of funding. Some folks will be asked to leave. This is a complete 360 from the conversation they had in Mar’23 where in an appraisal was on the cards

https://www.ndtv.com/business-news/byjus-faces-total-shutdown-if-insolvency-proceeds-says-ceo-byju-raveendran-6141875

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

Byjuites here, how are the things at the organisation? With Byju's disqualifying its lenders and filing counter-suit, I expect things may not have improved as many of us would have hoped for the largest ed-tech. Are silent lay-offs still happening?? Any other worrying signs??

Byjus has announced no further layoffs, promised the payment of incentives and increments after their employees threatened to go on strike. Huge for the Aam worker, collective bargaining in 2023 in the startup scene. https://flip.it/bNe-Oq Byju's Averts Workers' Strike; Rules Out More Layoffs At Tuition Centres