Byjus won't collapse. Its a great business model generating a lot of cash that has outclassed the skills of founders. They will fire more people , become lean and will be taken over by investors or Private Equity Players who will run it the way a business's should be run to generate profit
This guy PEs
Kuch nahi hoga.. kuch din media hype hoga, log random gyaan denge LinkedIn, Twitter par. Fir weekend aaega, daaru piyenge and bhool jayenge.
I believe it'll be a bitter sweet thing for the folks working at BYJU's. They'll be happy about being freed from the clutches of tyranny, and sad about not having a paycheck. Hope they find a better org.
Ed tech as a sector will be frowned upon even more and it'll be very difficult for ed tech companies to hire talent
All around happiness. Shit needs to be flushed.
Better jobs and better org/biz
Students will be happy, parents unhappy
Byju
bunch of other startups will take it as an opportunity to shed a lot of people...and investors will shut a few more edtechs
Bloodshed all around
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 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 leadersh...
Largest shareholder saying this publicly, I wonder if there is any way of recovering from this point
Byjus going down is karma for all the unethical shit they did to kids, parents, employees and critics. I will enjoy e...
This is going to be the most insane goof up. Byjus really did a number on themselves. I wonder if they can recov...