The founder of edtech startup Byju Raveendran has apologised to employees who are to be laid off as a part of the company’s cost cutting measures.
“I am truly sorry to those who will have to leave BYJU’S. You are not just a name to me. You are not a number. You are not just five percent of my company. You are five percent of me,” Byju wrote in an email. Byju also stated in the email that the edtech decacorn will ensure that newly created relevant roles are made available to the aforementioned employees, and that rehiring them will be prioritised. In the last few months, BYJU’S has been under the scanner for its accounting practices, and mass layoffs.
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The founder of edtech startup Byju Raveendran has apologised to employees who are to be laid off as a part of the company’s cost cutting measures.
“I am truly sorry to those who will have to leave BYJU’S. You are not just a name to me. You are not a number. You are not just five percent of my company. You are five percent of me,” Byju wrote in an email. Byju also stated in the email that the edtech decacorn will ensure that newly created relevant roles are made available to the aforementioned employees, and that rehiring them will be prioritised. In the last few months, BYJU’S has been under the scanner for its accounting practices, and mass layoffs.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.
