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India.com Business Desk February 2, 2023 7:03 PM IST
Byju's had in October last year sacked around 2,500 employees on the pretext of introducing cost-cutting measures and avoiding redundancies.
Manmath Nayak December 17, 2022 12:43 AM IST
The NCPCR asked Raveendran to appear in person along with the details to explain the discrepancies in relation to the said matter.
India.com Business Desk December 14, 2022 12:39 PM IST
Last month, global investment group Prosus put the fair value of its 9.67 per cent stake in BYJU'S at $578 million, which technically puts the current valuation of the edtech major at nearly $6 billion -- last valued at $22 billion.
India.com News Desk October 31, 2022 8:53 PM IST
Byju Raveendran, BYJU's founder and CEO, issued a statement even as a row erupted over the firing of several employees of the company.
India.com Business Desk October 29, 2022 7:29 PM IST
For the past one week at the Byju's, the HR department has been calling employees and asking them to submit their resignations voluntarily.
India.com Business Desk October 28, 2022 8:52 AM IST
Sources have told India.com that the target period for the sales team has been brought down from 12 weeks to 8 weeks and the working days have been increased from 5 to 6 days. There are fears around that this could be a tactic of the company to sack employees citing underperformance.
Manmath Nayak October 25, 2022 11:16 PM IST
At the Thiruvananthapuram office, more than 170 employees, who were working in the branch, met Kerala Labour Minister V Sivankutty on Tuesday, seeking compensation and pending salaries.
Victor Dasgupta October 12, 2022 9:39 PM IST
The Edtech major will lead to retrenchment of 5 per cent employees or about 2,500 people in next six months.
India.com Business Desk September 27, 2022 10:45 PM IST
Wipro, TCS, Infosys Annual Salary Latest Update: The data by Weekday revealed that compared to salaries in other professions, software engineers do earn fairly substantial salaries.
IANS September 16, 2022 2:02 PM IST
In June, BYJU's cut at least 600 jobs -- asking 300 employees at its Toppr learning platform and another 300 at coding platform WhiteHat Jr to go. On any future job cuts, Raveendran said that apart from getting rid of few redundant roles and some functions becoming optimised, BYJU's is actually hiring more people.
IANS September 14, 2022 5:04 PM IST
BYJU'S said that it had significant business growth in FY21 over FY20, but since "this is the first year where new revenue recognition started because of a Covid-related business model change, almost 40 per cent of the revenue was deferred to subsequent years".
IANS August 29, 2022 12:37 PM IST
The IPO-bound BYJU's had completed the consolidation of businesses after "ironing out the complexities" as the EdTech unicorn made at least 10 acquisitions for a cumulative transaction value of about $2.5 billion last year.
IANS August 15, 2022 4:10 PM IST
BYJU's, arguably the world's largest EdTech group, is also one of the much-awaited companies that'll go public soon. The company has filed its tax returns for FY20-21 in which they said there are "no compliance issues".
IANS August 12, 2022 8:55 AM IST
Several reports have said that Aakash Chaudhry, co-founder and managing director of BYJU's-owned Aakash Educational Services, shelled out a whopping Rs 137 crore for a property in Delhi's Chanakyapuri
India.com Business Desk June 29, 2022 2:53 AM IST
WhiteHat Jr has taken the step after over 800 employees tendered their resignations in May when they were asked to return to offices post-COVID pandemic.
India.com Sports Desk June 5, 2022 11:23 AM IST
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India.com News Desk May 28, 2022 5:41 PM IST
In total, over 6,000 people have been shown the door in the name of "restructuring" and "cost cut" as startups and unicorns shut non-performing verticals, cut marketing spending, and freeze fresh hiring.
IANS May 5, 2022 7:14 PM IST
Edtech platforms are seeing a significant dip in the demand for online learning and some of such firms have either shut shops or fired employees in recent days.
IANS January 12, 2022 12:15 PM IST
Technology News India: Leading edtech companies under the aegis of Internet and Mobile Association of India (IAMAI) on Wednesday announced the formation of the India EdTech Consortium (IEC).
India.com Sports Desk December 26, 2021 10:35 AM IST
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India.com Sports Desk October 14, 2021 1:30 AM IST
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India.com Sports Desk October 5, 2021 1:35 AM IST
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India.com Sports Desk October 3, 2021 12:59 AM IST
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India.com Business Desk September 30, 2021 11:31 PM IST
For the 12 months that ended in December 2020, HCL became only the third Indian IT company to break through the $10 billion revenue mark.
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