BouncyMarshmallow
BouncyMarshmallow

Byjus may shut down

First, they had a layoff. Lot of good people quit including great people Then, they had a second lay off Some great people in the leadership quit. Middle management people are quitting every day. Only engineers and other people who are not able to get jobs are remaining They shut down majority of US acquisitions They are trying to sell some of them like Tynkr and Epic Not able to raise funding till now even though trying since December Sales is down 90% New Inside Sales process is not working They are out of runway.

22mo ago
App Promo
WobblyBiscuit
WobblyBiscuit

Source for their revenue is down 90%?

BouncyMarshmallow
BouncyMarshmallow
Swiggy22mo

Someone with access to data in Byjus

SleepyHamster
SleepyHamster

This is fake news!
BYJUs revenue are down but are 75% of FY22

BouncyMarshmallow
BouncyMarshmallow
Swiggy22mo

In addition so many signs are there

Real Estate consolidation / Lease Exits

High performing senior executives are resigning

Hiring Freeze and Salary Freeze

JazzyTaco
JazzyTaco

Good riddance. Such an unethical company.

ZestyPretzel
ZestyPretzel

Hi, can we connect? I am at 6264825036. You can also email me at cartographerme@gmail.com

BouncyMarshmallow
BouncyMarshmallow
Swiggy22mo

You can go and figure all these out

1- They have not paid vendors since Sep 22 or have paid a very low amount

2- Some of the founders / employees of acquired companies have been asked to move on without making the payment which was due to them.

3- Most employees have not received their F&F or dues as written in MC article today

4-RealEstate have been heavily optimised and there is only 1 or 2 floors now .

5- All US employees have been sacked and products have been moved to India for a slow death

PrancingCupcake
PrancingCupcake
PayTM22mo

I am sure of 3 floors in IBC office, 1 in GGN office, 1 in Noida office among other. This is exaggerated man

PeppyDumpling
PeppyDumpling

It's a shitty company, no doubt. But this seems a bit exaggerated.

SnoozyDonut
SnoozyDonut

They recently got funded what I have heard.

DizzyMarshmallow
DizzyMarshmallow
Zomato22mo

Same

JumpyHamster
JumpyHamster

This is scary for the industry

SquishyLlama
SquishyLlama
Acko22mo

This looked like a Haiku for whatever reason.

SquishyDonut
SquishyDonut

Frauds can run until they are caught. Good one.

SnoozyDonut
SnoozyDonut

They are not out of runway.

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