Byju shuts All offices in india employees asked to work from home know the reason

Edtech company Byju's has closed all its offices in India. The company has asked its employees to 'work from home'. According to IANS report, only Byju's tuition center and Bengaluru headquarters have been kept operational. The decision will affect 20 thousand employees of the company. The reason for all this is the ongoing dispute between the company and the investors. Let us know what the whole matter is.

What is Byju's latest decision?

Byju's is an edtech company. It educates subscribers through its app. As per the latest decision, the company has closed all its offices in India. Only the headquarters and tuition centers located in Knowledge Park, Bangalore have been kept operational. All employees have been asked to work from home.

Why were the offices closed?

According to the report, Byju has taken this decision with the intention of cost cutting. Actually, Byju has not yet been able to pay the salary to its employees for the month of February. There was a promise to pay February salary by March 10, which was not fulfilled. Only part payment has been made i.e. some part of the salary has been given to the employees.

Why did Byju reach in these circumstances?

According to the report, there is a dispute between Byju's Byju Ravindran and some shareholders of the company. In fact, in a meeting, the shareholders had decided to remove Ravindran and his family from the board, which Ravindran termed illegal. The matter reached the court and the court has banned the use of some money. That money cannot be used until the dispute between the two parties is resolved.

Byju has about 300 tuition centers across the country. The company had also decided on layoffs recently, due to which a large number of employees lost their jobs.