- Byju’s, which was once the world’s most valuable edtech, is being cut to size by each of its stakeholders: lenders, investors, employees
- Layoffs have been common among startups since funding dried up, but Byju’s employees have it worse as the company faces scrutiny over governance issues
- Employees said they have been sacked arbitrarily without any prior notice, and that they are being forced to resign
- Some companies have specifically told recruiters not to look at Byju’s employees as they are concerned about their ethics
Enter your email address to receive a daily summary of all our stories.
At 7:10 pm on 26 July, Kolkata resident Akansha Khemka, a biology tutor at the troubled edtech firm Byju’s, joined a meeting link emailed by the human resources (HR) department earlier in the day. The subject line was blank. As she entered the meeting room, she was asked by a company representative to quit. Her 1.5 years of service, during which she received three awards, ended abruptly.
“They asked me to put in my resignation. When I resisted, they said that if I didn’t, they would sack me, and I would face a lot of problems in getting my dues. For resignation, they promised the salary for July by the first of next month and an extra month’s salary within 45 days,” Khemka told The Ken.
She resigned immediately after the call. Then, she recorded a video and put it up on Linkedin. Currently, she is on “
Khemka, who claims to be the sole breadwinner in her family, said she was even ready for a part-time position or to transition to another team as jobs for tutors are hard to come by.
Ever since schools reopened post-pandemic, the edtech sector has been suffering—especially with thousands of layoffs. To add to the woes, governance issues at Byju’s have put the company under the microscope in the past few months. Yet, employees want to hang on.
Currently, the job market has a talent pool of over 24,000 active and accessible people from Think and Learn Pvt. Ltd, the parent company of Byju’s, according to Prasadh MS, head of workforce research at staffing firm Xpheno.
“The last two weeks alone have seen an addition of 3,000 Byju’s employees to the active-job-seekers count,” he added.
Credits
Written by Alifiya Khan, Vanita Bhatnagar
Share this article with your network
Send the article link to friends or colleagues who might find this story interesting or insightful.
Send the article link to friends or colleagues who might find this story interesting or insightful.