If this doesn’t leads to better labour laws idk what will

Trick question?  
 Storming the parliament when in session with a few 100 people and demanding improvement in labour laws will have a 5% chance for a amendment bill.

Founder

^Armed to the teeth. Else it's less than 1% as our politicians don't care about non vote bank janta

Software Engineer

Lmao so they think that video/audio calls can’t get leaked.

Growth And Strategy

Analyst

Plz don't tell the world how bad we Suck, please don't tell the world how bad we Suck... Please... Pretty Please

Investor

Application Analyst

Me: Byjus literally cannot get shittier. 
 Byjus: Challenge accepted!

Project Manager

Byju's prohibits employees from speaking/providing any info on media platforms  https://www.moneycontrol.com/news/business/startup/byjuslaysoutnewsocialmediapolicyforemployeesamidlayoffs11436691.html

Welcome to Indian Startups's Private Community

Byju's prohibits employees from speaking/providing any info on media platforms

https://www.moneycontrol.com/news/business/startup/byjus-lays-out-new-social-media-policy-for-employees-amid-layoffs-11436691.html

Grapevine Stonk to the moon 🚀🚀

Treasury Manager

Grapevine Stonk to the moon 🚀🚀- Grapevine

Apparently there’s a policy that employees can’t talk about stuff with media houses 🤡

https://x.com/chandrarsrikant/status/1706922060986130875?s=46&t=-Y8gJsKWsnMPnWZzk9ilMQ

Clown governance and nobody to support the employees 🐣

Byjus is now a dictatorship

Product Head

As per internal company sources: This is big like 500+, lots of folks cut in platform teams, brand teams, marketing teams, business teams, product and tech. Wish everyone there all the best. This shall too pass!

Layoff at BYJUS as mentioned by articles

Hired lionel messi to promote brand and cuts employees to save costs.  
  
 What a fucking high IQ C suite the company has🤣 piece of shits, thats why never work for Indian companies. No morals

AI Engineer

Growth Manager

Welcome to News Discussion's Private Community

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?

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

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

"BYJU’S grew considerably since our first investment in 2018, but, over time, its reporting and governance structures did not evolve sufficiently for a company of that scale. Despite repeated efforts from our Director, executive leadership at BYJU’S regularly disregarded advice and recommendations relating to strategic, operational, legal, and corporate governance matters. The decision for our Director to step down from the BYJU’S Board was taken after it became clear that he was unable to fulfil his fiduciary duty to serve the long-term interests of the Company and its stakeholders."

https://techcrunch.com/2023/07/24/prosus-questions-byjus-governance-says-indian-edtech-regularly-disregarded-advice/?tpcc=tcplustwitter

This is major - Prosus just publically said that BYJU's had improper governance and failed to improve despite their recommendations

Largest shareholder saying this publicly, I wonder if there is any way of recovering from this point

Corporate Strategist

Investment Associate

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

- 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

Journalist

Hi , this post is intended to be a disclaimer to anyone who is planning to join Yubi. A lot of things are happening here that show some signs of an impending layoff

1) Several senior folks in tech and product have quit. Also there is no replacement hiring planned for them. Several projects are also getting shelved as a result.

2) there were several open roles a few weeks back and almost all of them are on hold as of now across all depts( tech , business , ops)

3) rampant cost cutting. The lunch options have been reduced to just 1 dal , 1 veg , rice and chapati.  Snacks have been removed too.


Because of several folks quitting in less than 6 months and no replacement hiring , load has increased tremendously on existing members who are themselves trying to leave. 

People have serious doubts on whether any hike or bonus will be given or not this year.

Rampant negativity at Yubi

Another SH incident has come up at InMobi - this is getting even worse :/

Product Manager

Link : https://www.financialexpress.com/jobs-career/ex-byjus-staff-face-hiring-blacklist-3462708/lite/

Sad state of affairs for Byju’s employees

Internal source: most vps are around the table these days, and too busy to get goats to sack this week.  For Byju's product team, this week is crucial, usual results are out on Friday. ( product, design and media)  45% -50% cut from each team. 

There won’t be any news about Byjus from now on, my wife was the source, and she got laid off today.

Byju’s list is ready for more layoffs .

Senior Product Designer

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

Wtf is happening at Byjus?

Mojocare fraud out

VC Analyst

I put this post 1 year back that Byjus may shut down and funny to see the comments of people now , 🤣🤣🤣

Checkout this post on Grapevine - https://share.gvine.app/Adbx5VpHdqDZLR7b7

Byjus may shut down

19+ comments on Grapevine


Here is the list of other companies that may shut down

Unacademy
Vedantu
Jupiter
Fi
Slice

Byjus- A Unicorpse From Unicorn to

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

Welcome to Personal Finance's Private Community

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Grapevine Stonk to the moon 🚀🚀

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