Byju Raveendran, the founder and CEO of the company has taken on more personal debt to make payroll for the month of March, a source told Moneycontrol.
Salaries for the latter half of February are still pending, with Byju's having disbursed partial payments in March and promising the balance upon fund availability.
Byju s new round of layoffs may impact anywhere between 100 to 500 employees, especially within the sales function of the company, sources told Moneycontrol. The names of employees in the story have been changed to preserve confidentiality.
Byju's Fires Employees Via Phone Calls; Dumps Staff Without Notice Amid Financial Crisis, Byju's new round of layoffs may impact anywhere between 100 to 500 employees, primarily in sales, were impacted of the company and more at news18.com