Mumbai: Troubled edtech startup Byju’s is struggling to make wage disbursements to its workers amid a extreme money crunch. The corporate, which didn’t make disbursement of full salaries for Feb to most of its workers, has additionally not been capable of pay March salaries to its workers on time.
The transfer by a couple of choose buyers to disable the corporate from utilizing the funds raised by the rights challenge has delayed the fee of salaries, the corporate’s administration mentioned in a letter to workers on Monday.“… we’re following a parallel line of credit score to make sure that you obtain your wage by the eighth of April,” the agency mentioned.
The transfer by a couple of choose buyers to disable the corporate from utilizing the funds raised by the rights challenge has delayed the fee of salaries, the corporate’s administration mentioned in a letter to workers on Monday.“… we’re following a parallel line of credit score to make sure that you obtain your wage by the eighth of April,” the agency mentioned.
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