Byju's laysoff employees over phone calls

The edtech company, Byju’s is undergoing financial turmoil and started a fresh round of layoffs. It is reported that the company is not providing notice periods or implementing performance improvement plans (PIPs) for affected employees.

This highlights the urgency to overcome its financial difficulties. As per news source, the layoffs are being carried out via phone calls.

Making several employees leave the company without any prior notice over a vague phone call adds a layer of impersonality to an already distressing situation for the employees. Additionally, the absence of a structured performance improvement plan suggests that the layoffs may not be solely based on individual performance but rather on broader organizational considerations.

Byju's is supplementing phone calls with subsequent emails, which state, "This is to confirm that your last working day with Think and Learn Pvt Ltd will be March 31, 2024. Your full and final settlement will be done as per the exit policy. Please hand over all the assets and proprietary information of the Company that are in your possession to enable the processing of your full and final settlement. In case of any queries on exit formalities, please contact separations@byjus.com” reported the news source.

exact number of affected employees were not disclosed. It is estimated that almost 500 individuals are affected. These layoffs have come at a time when Byjus is grappling with countless financial strains including reduced funds and legal disputes with investors.

The company has laid off almost 10,000 employees over the last two years as part of its efforts to navigate through its challenges. The repeated layoffs indicate the severity of its financial challenges and the measures it is taking to navigate through them. While it is anticipated that these actions may bring short-term relief, the long-term implications for the company's workforce and organizational culture still remain uncertain.