Auditor Deloitte and three prominent board members severed ties with the Bengaluru-headquartered firm on Thursday.
A boy walks past an hoarding of Byju's IAS coaching center in New Delhi, India on June 24, 2023.Fresh troubles at Indian edtech startup Byju's this week have escalated concerns among employees who were already uncertain about their future after several rounds of job-cuts, more than a dozen current and former staff told Reuters.
Byju's has already let go of several thousand employees this year due to slowing demand and it is locked in a legal battle with its lenders and faces regulatory scrutiny, even as its valuation has been slashed by at least one marquee investor. "Right now the situation is so dismal, subordinates are sitting with their managers and job hunting."
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Byju's staff say morale waning amid turmoil at Indian edtech firmFresh troubles at Indian edtech startup Byju's this week have escalated concerns among employees who were already uncertain about their future after several rounds of job-cuts, more than a dozen current and former staff told Reuters.
Leer más »
Indian politician’s tweet targets Barack Obama and Indian MuslimsIndian politician Himanta Biswa Sarma lashed out at former U.S. president Barack Obama in a tweet Friday, saying Indian police “should prioritize taking care of” the many “Hussain Obama” in India — a pointed reference to the country’s Muslim population.
Leer más »
India ordered inspection of Byju's last week - CNBC-TV18India's corporate affairs ministry ordered an inspection of edtech startup Byju's last week, CNBC-TV18 reported on Friday, citing sources.
Leer más »
Fail with big backers signals messy Byju’s unwindAuditor Deloitte is walking away from the self-claimed world’s largest education tech firm, and investors including Prosus and what was Sequoia India appear to be following. It implies talks with lenders over a $1.2 bln loan are at a dead end and ups the pressure for a breakup.
Leer más »
India's Byju's in talks with investors who quit board to reconsiderByju's is asking three global investors to reconsider their decision to quit its board, three sources with direct knowledge of the situation said, as the Indian education technology firm wrestles with the fallout of its auditor's resignation.
Leer más »
Indian and Filipino restaurants underrepresented in the Asian food scene, new study saysWhile Asian restaurants as a whole dominate much of the country’s food scene — amounting to 12% of all restaurants — the subgroups that fall under it have drastically different levels of representation.
Leer más »