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Troubled edtech startup Byju's, which has laid off more than 10,000 employees in the last two years, is beginning another round of layoffs.
This time, the company is laying off employees through phone calls without putting them on a Performance Improvement Plan (PIP) or having them serve a notice period.
According to reports, the number of employees affected in this round could be between 100 and 500. Sharing the incident, a Byju's employee received a surprising call from the company's human resources department.
During the call, the HR executive informed him that the company had decided to terminate his employment. When he inquired about the reason, he was told that it was the company's decision and that his March salary and termination pay would be included in his full and final settlement (FnF).
What did Byju's say?
A spokesperson confirmed the layoffs, saying, "We are in the final stages of a business restructuring exercise announced in October 2023 to simplify operating structures, reduce the cost base, and improve cash flow management."
"We are going through an extraordinary situation in the company because of ongoing litigation, where every employee and the ecosystem itself is experiencing tremendous stress given the present circumstances," the spokesperson added.
Employee exress dissatisfaction
"Despite dedicating over 3.5 years of my life to this company, often working upwards of 75 to 80 hours every week, I am met with callous indifference and disrespect in return," an employee said.
"This isn't just about me. Numerous employees have been subjected to similar treatment, highlighting a systemic issue that extends far beyond the confines of this organization. Byju's, and companies like it, are not only breaking labor laws but also perpetuating a culture of exploitation and disregard for human decency in our country," he added.