Byjus is harami when it comes to even clearing your FNF  while quitting. This is back from 2022.

Product Manager

Wow, it’s hard to believe but not hard to understand the rise and fall of Byju’s. I believe Byju’s Raveendran himself used to teach!

Senior Program Manager

Customer Success

What is even happening there? As per newspaper article from today  https://www.thehindubusinessline.com/companies/byjushasntpaidpfmoneyformonthsshowepfodata/article67008329.ece/amp/

Welcome to Office Gossip's Private Community

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/

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

Product Designer

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

Welcome to News Discussion's Private Community

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

Byju's bank accounts frozen

Product Owner

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

What will happen to BYJUs/Sharechat type companies?

Analyst

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

Another layoff at BYJUs

Growth Manager

Welcome to Indian Startups's Private Community

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

Byju’s on the verge of shutdown

Chartered Accountant

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

Byju's about to close $250 million funding

Engineering Manager

India Business News: Byju Raveendran, CEO of Byju’s, criticized investors for hindering salary disbursement due to the lock on funds raised through the rights issue. Inves

Byju's unable to pay salaries as funds locked: Founder Raveendran - Times of India

Byju's Unable To Pay Salaries

Program Manager

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

Journalist

Is BYJU’S still live?  Do employees get their salaries paid on time?

Office Assistant

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??

Byju's disqualifies lender

Wtf is happening at Byjus?

After GoMechanic, now Mojocare is said to cook its books. Is this a trend? and which other companies are showing similar signs?

GoMechanic, Now Mojocare

Content Strategist

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

What’s happening with byjus?

Software Developer

Earlier used to see a lot of stuff Byju's on GV. Seems like either everyone has left, or they've asked employees to not say anything

Any Byju's employees still around? What's happening there?

- Byju's, once valued at $22 billion, faces insolvency, causing panic among employees.
- U.S. lenders seek $1 billion in unpaid dues, leading to a court battle and asset freeze.
- Employees, unpaid for months, consider protests and lawsuits to recover dues.
- India's Supreme Court declined Byju's request to halt the insolvency process.
- Founder Byju Raveendran assures staff of prompt salary payments once control is regained. 

 Source: [Reuters](https://www.reuters.com/world/india/indian-ed-tech-giant-byjus-insolvency-case-fans-fears-employees-2024-08-22/)

Byju's Insolvency Sparks Employee Fears Amid Legal Battles

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

BJYU’s employees won their rights by threatening to go on strike

Investment giant Prosus has written down the valuation of edtech giant Byju's to below $3 billion, marking a steep drop from the $22 billion valuation the Prosus has marked down the valuation of Byju's, India's most valuable startup, to below $3 billion.

Prosus cuts valuation of Byju's, India's most valuable startup, to below $3 billion | TechCrunch

Byju’s valuation reduced from $22Bn to sub $3Bn by Prosus

Corporate Strategist

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.

My experience with Byjus

Byjus has done another round of layoffs today, even VPs and top level managers were affected.
Investors are losing faith in the organization. Looks like the fall of the company has started.

BYJU'S Recent Layoffs

Software Engineer

So after dodging many bullets Byju's finally goes to Insolvency Trial. 

Does anyone have any news of what's happening inside the company?

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

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