Ambani - BYJU'S
Mukesh Ambani and Reliance are planning to buy out BYJU'S liabilities in the Bankruptcy process at throw away valuations.
Since existing investors have lost interest in the company, now their say won't matter. The highest bidder will be able to buy out BYJU'S.
Great opportunity for Ambani's, Tata's and Adani's of the worst. The infra, IP and tech that BYJU'S has is easily worth more than a Billion dollars cakewalk. This is way lesser than their liabilities.
Looks like the employees and ex employees are after all safe.
Talking product sense with Ridhi
9 min AI interview5 questions
Reliance modus operandi if acquired Divide workforce into 3 tiers
- People who are paid way too much and have critical business know how
- People who are middle tier
- People who are required to run the business
Tier1 will have a leeway of 2 years till trusted people from Reliance learn the ropes of the business (less if learning is faster)
Tier2 will be thrown too much work (additional tasks from other businesses or role changed to include sales target)
Tier 3 , business as usual
Some people from Tier 2 , who can’t adopt to Reliance way of working will leave or get fired. Tier 1 will definitely be out in 2 years barring 1/2 exceptions
Tier 3 , progress with natural attrition
Same template is followed for each new business in Reliance.
Cool. How do you know ?
Heard from a reliable colleague who was in Reliance and was offered the opportunity to become part of Tier 1 takeover insider team.
Seems to be an insider info. Thanks for sharing.
Though I think if this happens there will be restructuring which might result in layoffs.
Is this the way of the future? Most of the startups being brought by these giants at throwaway prices. Big basket, dunzo and now byjus?
Looks like fake news
Remove Byju
Reliance already have an Edtecg arm called Embibe and they aren't able to manage it only. Highly doubtful that'll be putting their hands in it again.
I would still say it's easier and cheaper to build a new byju
If Ambani takes over we will get a course for 1000 - 2000 rupees all coaching classes will get closed