Sad state of affairs for Byju’s employees

- 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/)

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??

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!

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

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

Rumors from the grapevine - Byjus has laid off a lot of people in the tech team. A person i know who works there mentioned 7 out of 10 people in his team were laid off.

People in the firm what is happening? Is this the end of edtech and BYJUs? What went wrong?

This gets the figure to like 10k in that many months 🫣