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CosmicTaco
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Byju's Insolvency Sparks Employee Fears Amid Legal Battles

  • 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

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3mo ago
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DizzyBiscuit
DizzyBiscuit
Morgan Stanley3mo

Not sure why employees still work there. It's a done game for Byjus. I will just take a risk and join a new company.

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