Beleaguered ed-tech agency Byju’s requested 400 of its staff to voluntarily resign.
In accordance with a Moneycontrol report, the corporate had positioned over 400 staff belonging to the mentoring and product professional division underneath efficiency assessment. Quoting a number of sources, the information outlet mentioned these positioned underneath efficiency assessment had been requested to go away, on Thursday.
Byju’s, nevertheless, mentioned solely 100 staff had been let go.
The corporate mentioned 100 staff who didn’t meet expectations had been let go as a part of a periodical efficiency assessment and sought to make clear that this was not a cost-cutting measure.
Staff who had been voluntarily requested to resign had been supplied two months’ wage as a part of the ultimate settlement.
The staff reportedly instructed the information outlet that the HR instructed them that these refusing to resign shall be terminated.