Byju’s delays November salary of around 1000 employees

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Byju's delays November salary of around 1000 employees
According to reports of the Economic Times said, “We have noticed a delay in processing salaries for some limited employees due to an unexpected technical glitch."

An Indian multinational educational technology company, Byju’s has delayed the November salary of around 1000 employees. The company generally transfers the salaries on the first of each month.

According to Economic Times reports the company said, “We have noticed a delay in processing salaries for some limited employees due to an unexpected technical glitch.”

“The issue is being rectified and the payment will be processed by Monday,” the report added.

The ET report has said that the delay is across staff levels adding that those impacted are housed under Think & Learn, the parent organisation of Byju’s.

The company excluding staffers at subsidiaries like Aakash Byju’s employs about 14,000 employees in the country.

Previously, as per media reports, Dunzo had delayed paying salaries to staff as the company faced a severe cash crunch. The company has delayed salaries to several employees, after having earlier promised to clear them by the end of August.

Earlier in June, An Indian multinational educational technology company, Byju’s had laid off over 1,000 employees across various departments, including mentoring, logistics, training, sales, post-sales, and finance.

According to reports, Edtech Major said in a mail to the laid-off employees, “This is to inform you that the full and final settlement amount will be released by November 17.”

The company was supposed to pay by September 15. “We are sorry for the inconvenience caused,” the mail added.

A Byju’s spokesperson said, “We regret and acknowledge the delays in settling dues of former employees.”

“As we work through a difficult business restructuring, we are committed to meeting all our obligations as soon as possible,” a Byju’s spokesperson said.

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