🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
BYJU’S defers offer letters of incoming employees amid growing troubles
Business Today
·
2y ago
Medial
Edtech giant BYJU'S has deferred the offer letters of incoming employees due to mounting challenges. The company, facing issues related to delayed regulatory approvals and operational disruptions, has put the hiring process on hold temporarily. The decision reflects the difficulties faced by BYJU'S in adapting to changing market dynamics and maintaining its growth trajectory amid a challenging business environment.
View Source
Related News
Byju’s defers FY24 appraisals as it looks to conserve cash amid delay in funding
Money Control
·
2y ago
Medial
BYJU's, the edtech startup, has decided to defer FY24 appraisals for its employees due to cash conservation efforts amid a delay in funding, as reported by Moneycontrol. The company is taking measures to manage its financial situation while waiting for expected funding to materialize. A majority of the company’s employees are also yet to receive variable pay and other incentives yet.
View Source
Byju’s defers final settlements of laid off employees to November
Money Control
·
1y ago
Medial
Edtech giant Byju's has delayed the full and final settlements of laid-off employees from September to November due to a liquidity crunch and pending fundraise. The company had previously initiated a workforce reduction that affected nearly 1,000 employees. Byju's has informed the affected employees through an email about the delay and expects to disburse their outstanding payments by November 17. This comes as the company aims to repay lenders within six months and explores options to secure necessary funds, including the sale of assets like Great Learning and Epic.
View Source
Exclusive: Unacademy’s New BDA Hires In A Fix Over Mandatory Training & Quick Termination
Inc42
·
1y ago
Medial
Unacademy recently issued new offer letters to selected candidates, including a clause for a 7-day training program. This was not mentioned in the initial offer letters. Several batches of candidates were asked to undergo this training and take a test afterwards. Many of these candidates were former employees of BYJU'S, an edtech startup, who were laid off earlier this year.
View Source
BYJU’S Disappears from Play Store: EdTech Giant’s App Goes Offline
StartupTalky
·
2m ago
Medial
BYJU'S has temporarily removed its app from the Google Play Store amid insolvency issues and ongoing financial troubles. While some credit processing apps remain available, the main app is accessible only through the Apple App Store, albeit with limited functionality. The company's website now features a basic landing page due to server failures linked to unpaid AWS invoices. BYJU'S faces multiple challenges, including legal disputes, regulatory scrutiny, and significant debt, amid declining business operations.
View Source
The Clock Is Ticking For BYJU’S
Inc42
·
1y ago
Medial
BYJU'S, the edtech company, is facing financial troubles and struggling to pay its employees. The company suspended fixed salaries for its sales team, linking their pay to weekly sales, leading to dissatisfaction among employees. Only some employees have been paid their March salaries, with many others still waiting for payment. The company's financial situation, along with a decline in its brand reputation, raises concerns about whether BYJU'S can survive in the long run. The company's cost-cutting measures under the BYJU'S 3.0 plan do not inspire confidence, and its competitors are focusing more on offline learning.
View Source
Byju's says it has paid part salaries for February, will pay rest from rights issue fund
IndianStartupNews
·
1y ago
Medial
Amid ongoing financial troubles, edtech giant Byju’s has partially cleared the February salaries for its employees. Salaries were disbursed in full for employees up to a certain bracket, while others received only a portion. Byju’s has been facing cash flow challenges and legal disputes with investors that have impacted its ability to access funds. The company remains optimistic about accessing funds from a recent rights issue, which would allow them to pay the remaining balances. Byju’s has communicated with employees about the situation, apologizing for the delays and citing banking and legal challenges.
View Source
BYJU’S In A Legal Web: Can The Edtech GIant Fight Off Bankruptcy Risks, Angry Creditors?
Inc42
·
1y ago
Medial
BYJU'S, the edtech giant, is facing a multitude of legal troubles, including allegations of predatory practices and defaults on payments. The company is embroiled in over a dozen cases totaling defaults and fines worth $1.5 billion. Issues range from allegations of violating foreign exchange regulations to disputes with lenders, investors, employees, vendors, and even the Board of Control for Cricket in India. The legal battles have put immense pressure on BYJU'S, leading to financial challenges and a significant decline in valuation. The company's ability to navigate through these complex legal issues remains uncertain.
View Source
Byju’s misses deadline to pay final settlements of laid off employees again
Money Control
·
1y ago
Medial
Edtech company Byju's has once again delayed the full and final settlements of laid-off employees, missing the November 17 deadline. Amid a liquidity crunch and pending lender repayments, the company has been grappling with financial difficulties. Out of the 48 former employees surveyed, 40 have reported not receiving their settlements as promised, while some who did receive the payment did not receive variable pay or incentives. Byju's claimed to be making payments in a phased manner on a weekly basis, but some employees are still awaiting their settlements from June and July.
View Source
Cognizant defers salary hikes by a quarter to August
Money Control
·
1y ago
Medial
IT services firm Cognizant will be implementing salary hikes to eligible employees from August 1, which is a delay compared to previous years. The company, which has a global workforce of around 347,000 employees, with the majority based in India, is facing a weak demand environment due to macroeconomic factors. Despite this, Cognizant remains committed to recognizing the hard work and dedication of its associates through annual merit increases and bonuses. This move will mark the fourth salary hike for the majority of Cognizant employees within three years.
View Source
IPOs get trimmed as selling shareholders hold back on OFS plans
Livemint
·
1d ago
Medial
Amid a crowded IPO market and disappointing valuations, many firms are reducing their offer-for-sale components. Bankers advise companies to adopt more rational pricing, encouraging them to leave room for incoming investors. Due to muted investor feedback, companies like HDB Financial, Ather Energy, and NSDL are scaling back stake sales, favoring post-listing strategies. This shift reflects a trend where firms adjust IPO pricing and sales plans to attract better exits through block deals and secondary sales.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in