Three months after BYJU ’S announced that it would be firing around 500 workers to cut costs and turn profitable, the edtech decacorn has cut hundreds of further jobs citing poor performance of the workers. While the number of workers impacted by this is unclear, media reports projected the number at 900-,000. Sources told that the fresh exits are substantially related to the performance of the workers. Numerous workers and-employees of BYJU’s have accused the ed- tech company of putting up unrealistic targets and obliging them to quit.
Still, BYJU’s has denied the allegations and said the workers are given “ample time” to meet the targets and the company is no exception to “high performance, high growth” culture. BYJU’s had lately announced it would lay off 5% of its about 5000 strong pool, which amounts to roughly 1500 people. It reported the company had started the lay off and had given numerous workers a 15- day notice period. BYJU’s has allegedly set’ unachievable’ targets for numerous of its workers and when they fail to meet the targets, they’re asked to abdicate. BYJU ’S has always taken immense pride in offering freshers from small municipalities the stylish packages and openings, and in valuing gift over experience. We’ve gauged up our deals platoon in the last three times and have set up a robust 6- week training program before onboarding deals directors.
In fact, we lately revamped our deals model by father scaling up the inside deals brigades in addition to the current outside deals (bases- on- the- road) model”. BYJU ’S is furnishing all of them a progressive exit package, including extended family health insurance benefits, outplacement services led by some of the assiduity’s stylish reclamation specialists, fast- track full- and-final agreement on demand and the provision of ‘theatre leave’ where they can look for jobs while on BYJU’S payroll. All these workers will also be offered an assured path to return to BYJU ’S in case they’re unfit to find a job in the coming 12 months in new places that are more applicable and productive for both the company and the workers.