Byju’s pays part of March salaries to employees, yet to clear Feb payouts
by ETtech.com
ETtech.com— Troubled edtech major Byju’s has only paid a part of March salaries to its employees as of April 20 in yet another delay of these payouts as it battles a severe cash crunch.On April 8, the company had said that it had started paying salaries for March and expected to complete the exercise by April 18. However, ET has learnt that it has paid only 50% of March salaries for a significant number of its mid-senior employees.Founder and chief executive Byju Raveendran has been raising personal debt...
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