Byju’s team told to resign, meets with Kerala minister.
- Byju’s, the world’s most valuable edtech company, will close its Thiruvanthapuram operations, affecting 140 people.
- TechnoparkToday, an IT community network, announced Byju’s “forceful resignation” on Tuesday in a LinkedIn post. Over the previous three days, Byju’s employees in Thiruvananthapuram met with Prathidhwani, an IT welfare organisation, and asked Kerala labour minister V Sivankutty to intervene and change the company’s leave policy. The association alleged Byju’s skipped the October 25 meeting.
- Byju’s claims that 140 Thiruvananthapuram employees will be affected by this decision, but the association says there are over 170.
- The business announced it was offering a “generous and progressive exit deal,” but its employees say they were told of their “instant layoff” by SMS and calls, not emails, and no payout was discussed.
- “To reduce redundancy, we are closing our Trivandrum operations and offering the entire crew a chance to move to Bengaluru. “We gave them more than a month to decide,” a Byju spokesperson said. “If they choose not to utilise this chance…(there is) an assured opportunity to be rehired by Byju’s during the following 12 months at any operational centre across India,” the official said.