NEW DELHI: Edtech startup Think & Learn, which operates Byju’s, has released the full salary of 25% of employees in the lower pay scale, while it has made partial payment to the rest of the workforce, sources said.
Byju’s management wrote two letters to staff on Sunday, informing them about salary payment through alternate fund arrangements and mentioning financial constraints the company is facing due to the blocking of funds by a select group of investors.
“We processed your salary for Feb late at night on Friday… we expect the salaries to be reflected in your accounts on Monday. We sincerely apologise for any inconvenience caused… by this delay and are grateful for your understanding,” Byju’s said.
Byju’s management wrote two letters to staff on Sunday, informing them about salary payment through alternate fund arrangements and mentioning financial constraints the company is facing due to the blocking of funds by a select group of investors.
“We processed your salary for Feb late at night on Friday… we expect the salaries to be reflected in your accounts on Monday. We sincerely apologise for any inconvenience caused… by this delay and are grateful for your understanding,” Byju’s said.