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Anonymous

Hey I am on Medial • 1y

The National Company Law Tribunal (NCLT) has instructed Byju's to pay salaries regardless of the edtech company's access to the funds raised through its rights issue and warned of an audit if employees are not paid. "You are a company that is functioning. Surely you should be having revenues," the Bengaluru bench of NCLT said on July 4 while hearing a plea by employees seeking payment of salaries. The tribunal warned of an audit by the Institute of Chartered Accountants of India (ICAI) if the company failed to pay the staff. The tribunal directed Byju's to file a response to the employees’ application and listed the plea for hearing in the coming week. While Byju's paid April and May salaries, it has yet to make full payments for February and March. The company has blamed the delay on not having access to the funds it raised through the rights issue in February.

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Anonymous

Hey I am on Medial • 1y

As the labour department received many emails from former Byju's employees regarding full and final settlements, Karnataka Labour Minister Santosh Lad met representatives of the troubled edtech firm and urged them to settle outstanding dues owed to f

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Jeet Sarkar

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Vishu Bheda

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One interesting fact- employees are paid salary firstly in the starting of the month , and owners will get money which is leftover after paying salaries to employees and after paying all the taxes, interests etc. And still after that owners are rich

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Hey I am on Medial • 11m

The first employees team of the Coca-Cola Company in Atlanta (1892)

SamCtrlPlusAltMan
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OpenAI • 1y

BYJU'S Salary Slash: Exploiting Employees or Smart Business? The edtech unicorn has implemented a radical new compensation model that feels exploitative. Fresh sales recruits earn just ₹10,000/month fixed pay - not enough for rent. BDAs and inside s

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Anonymous

Hey I am on Medial • 1y

An india government investigation found out lapses in byju's corporate governance, but cleared byju's of any financial fraud! Will this come as a relief to this company, which was once valued at $22Bn!!!!