Embattled edtech company Byju’s on Sunday announced that it has disbursed a portion of the pending salaries for over 20,000 employees for the month of February. Byju’s Manages To Pay Some Portion of Salaries for 20,000 Employees.
On Friday, Byju s said an “artificially induced crisis” by a select group of investors for a delay in paying the January salaries. Raveendran also said the support from employees helped strengthen the fight against the odds.
Reports also surfaced that Byju's investors are seeking to oust the top bosses of the company led by Byju Raveendran, saying they are 'deeply concerned' about future stability under the current leadership. BYJU’s Salary Delay: Edtech Major Delays Salaries of Employees for January, US Unit Files for Bankruptcy, Says Report.