Key Points
The company had asked employees to resign voluntarily, and promised them two months of pay as severance..
Earlier this month, an ET report had revealed that Byju's was planning to layoff around 1,000 employees in order to cut costs..
However, a recent Moneycontrol report said that when worried employees had approached HR earlier after reading reports of Byju's planning layoffs, they were told that nothing of the sorts had been planned.. "Employees were told on Friday (June 16) that it would be their last working day..
Following some reports in the media, employees were constantly asking the HR and their managers if there would be any layoffs but we heard there wouldnt be any," a source told Moneycontrol...
''After almost every development, employees get a mail from Byju Raveendran, where he says there wont be any more layoffs, the company is doing great, etc..
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