What happens to Byju's employees after they're laid off?

Daybreak

08-04-2024 • 10 mins

Lat week, the struggling edtech giant Byju's laid off another 500 of its employees. This came along with a salary delay of three consecutive months. In his email to employees two months ago, Raveendran had written, “I have been moving mountains for months to make payroll, and this time, the struggle was even bigger to ensure that you receive what you rightfully deserve."

With the latest round of layoffs though, the employee count at Byju’s has gone down from 15000 at the end of last year to around 13,000 now. This is the same company whose founder would boast about how Byju's was the largest startup employer in the country with a headcount of 55,000. The Ken had investigated what all of this means for Byju’s employees last year and we understood how they got the worst end of the stick. They told us they had been fired arbitrarily without any notice. In fact, some were being forced to resign.


Even this time, according to reports by The Economic Times, they were laid off without any notice. And like that wasn't enough, we also learnt companies have specifically been telling recruiters to avoid hiring Byju’s employees.

Tune in.

Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.


You Might Like

The Morning Brief
The Morning Brief
The Economic Times
ANI Podcast with Smita Prakash
ANI Podcast with Smita Prakash
Asian News International (ANI)
ThePrint
ThePrint
ThePrint
3 Things
3 Things
Express Audio
FT News Briefing
FT News Briefing
Financial Times
Economist Podcasts
Economist Podcasts
The Economist
Top of the Morning
Top of the Morning
Mint - HT Smartcast
Daybreak
Daybreak
The Ken
HT Daily News Wrap
HT Daily News Wrap
Hindustan Times - HT Smartcast
The Daily
The Daily
The New York Times
The Journal.
The Journal.
The Wall Street Journal & Gimlet
Serial
Serial
Serial Productions & The New York Times
Global News Podcast
Global News Podcast
BBC World Service
WSJ What’s News
WSJ What’s News
The Wall Street Journal
Dhruv Rathee
Dhruv Rathee
Dhruv Rathee