29 May 2024
Financially constrained edtech firm, Byju’s, has told its employee in a recent townhall that it will clear their salaries and other statutory dues, based on its cash flow and future availability of funds.
The commitments include, clearing outstanding salary dues for February and March of active employees between June 15-30, with a worst-case scenario of July 8. Employees have also been assured there will not be any disruption in monthly salary credits for the next six months.
Financially constrained edtech firm, Byju’s, has told its employee in a recent townhall that it will clear their salaries and other statutory dues, based on its cash flow and future availability of funds.
The commitments include, clearing outstanding salary dues for February and March of active employees between June 15-30, with a worst-case scenario of July 8. Employees have also been assured there will not be any disruption in monthly salary credits for the next six months.
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