Former Byju¡¯s Employee Claims He Was Told To Resign Immediately Despite Being Available 24*7

At a time when edtech startup Byju's started another round of layoffs that is likely to impact around 1,000 employees across departments, a former employee who was laid off has shared his ordeal.

"Was Asked To Resign Despite 24*7 Availability"

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Arpit Singh, who was a retention manager at Byju's in Delhi, has shared how the company's decision affected him when he was told to resign immediately. "I don't know what my fault was," he wrote on LinkedIn.

"I worked very hard throughout my time in Byju's and I never followed the 10-8 work culture. I was always available 24x7 for my company but they (the HR) came and told me to resign immediately."

Singh had been working with Byju'sfor about a year. Now, Singh, who is the sole breadwinner in the family, is afraid to share the news of his layoff with them. "I lost everything. I can't dare tell my family that I lost my job about a month ago because they are not in good condition. I am the only one taking care of them," Singh said, adding that he has applied to several companies but was not selected by any, as per the Moneycontrol report.

In a desperate appeal for help, the employee has said that he does not even care about his leave as he seeks a new job. "I don't want any leaves," he wrote, "I can do any work, but I don't have the courage to go through this stage."

Byju's Layoffs Amid Loan Default Possibility

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This latest phase of layoffs at Byju's comes a couple of weeks after the edtech giant refused to pay $40 million in interest on a loan that it had raised in November 2021. Instead, the company filed a case against one of its lenders in the New York Supreme Court, calling it ¡°predatory.¡±

Byju's has since begun discussions with the lenders to reach a resolution. If the court rules in favour of the lenders, the edtech company will have to immediately pay $40 million.

In October last year, as per the report, Byju¡¯s laid off more than 2,500 employees and said that it had set itself a target to achieve profitability by the end of FY23 (2022¨C23, the previous fiscal year), but it has not been able to achieve that target, the founder and CEO, Byju Raveendran, told Moneycontrol in a previous interview.

Also Read: Explained: How Apple Has So Far Avoided Mass Layoffs

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