BENGALURU : Fresh troubles at Indian edtech startup Byju's this week have escalated concerns among employees who were already uncertain about their future after several rounds of job-cuts, more than a dozen current and former staff told Reuters. Auditor Deloitte and three prominent board members severed t
BENGALURU : Fresh troubles at Indian edtech startup Byju's this week have escalated concerns among employees who were already uncertain about their future after several rounds of job-cuts, more than a dozen current and former staff told Reuters.
"Morale is at an all-time low. Literally every person has a job portal open on their laptop at all times. Everyone wants to leave desperately before they are asked to pack up overnight," said a senior manager at Byju's, requesting anonymity. A Byju's spokesperson did not respond to Reuters queries on staff morale, the lack of communication from management or other issues raised by employees.
The edtech firm, valued at about $22 billion early last year, has laid off thousands of employees since October to cut costs, after seeing demand for online tutoring drop following the end of the COVID-19 pandemic.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indian edtech Byju's global investors confirm board exits:All three global investors at Byju's confirmed on Friday that their representatives had resigned from the board of the once high-flying Indian startup that has been battling pressure from lenders amid a steep drop in its valuation.The resignations of GV Ravishankar of Peak XV Partners, earlier Sequoia Capita
Read more »
Peak XV Partners, Prosus confirm resignation of Byju's board membersTwo investors in Byju's confirmed on Friday that their representatives had resigned from the Indian startup's board, a move that comes amid a turmoil at the once high-flying edtech company.The resignations of GV Ravishankar of Peak XV Partners, earlier Sequoia Capital India, and Russell Dreisenstock of Pr
Read more »
Two Byju's investors confirm board member resignations:Two top investors in Byju's confirmed on Friday that their representatives had resigned from the board of the once high-flying Indian startup, which has been battling pressure from lenders amid a steep drop in its valuation.The resignations of GV Ravishankar of Peak XV Partners, earlier Sequoia Capital India
Read more »
Russia says bars entry to more EU officials over fresh sanctionsMOSCOW: Russia said on Friday (Jun 23) it was barring entry to more European officials in response to the EU's decision to slap new sanctions on Moscow over the conflict in Ukraine. 'In response to these unfriendly actions, the Russian side has significantly expanded the list of representatives of European
Read more »
Indian PM Modi meets tech CEOs as Washington visit concludesWashington wants Delhi to be a strategic counterweight to China. Read more at straitstimes.com.
Read more »
Canada authorities charge Indian man for immigration fraud targeting studentsOTTAWA: Canadian authorities on Friday (Jun 24) charged an Indian man for issuing fraudulent university letters of acceptance to Indian students and other immigration-related
Read more »