Edtech firm BYJU’S has deferred the employment supply letters of incoming workers by as much as six months, Enterprise At present has realized from sources.

A brisker engineer, who was set to affix the edtech firm’s tech staff in June with a package deal of Rs 22 lakhs each year, instructed Enterprise At present that his becoming a member of was postponed to August. Now, the corporate has intimidated him that his becoming a member of has been postponed to January. 

He mentioned, “I bought a proposal letter from BYJU’S whereas I used to be nonetheless in faculty. My becoming a member of was in June, however then it bought postponed to August. I didn’t suppose a lot of it as a result of there’s a slight delay in all firms. However then I acquired an e mail that becoming a member of has been moved to subsequent 12 months in January. Seeing how issues are on the firm, I’m involved if there’ll even be a becoming a member of.”

One other worker, who was set to affix the corporate’s product staff, shared an identical predicament. He famous, “I used to be going to affix BYJU’S product staff, however now my becoming a member of has been moved six months forward. Not simply me, many individuals who have been going to affix with me have acquired comparable e mail from firm. On this job market I’m afraid I can’t get any extra affords as a result of hiring has slowed down so much for tech and tech associated roles.”

Enterprise At present has reached out to BYJU’S for feedback on the identical.

The edtech firm has been going through quite a lot of warmth attributable to a number of causes. A number of workers claimed that the edtech firm had not been paying provident fund dues to EPFO, which it had been gathering from workers. The EPFO began an investigation into the corporate earlier this week.

Furthermore, BYJU’S auditor Deloitte resigned final week citing a ‘important influence’ on its capacity to audit the corporate as a result of edtech firm’s failure to offer monetary information regardless of repeated requests of the auditor. 

Moreover, G.V. Ravishankar of Peak XV erstwhile Sequoia Capital India, Vivian Wu of Chan Zuckerberg Initiative, and Russell Dreisenstock of Prosus exited the corporate’s board final week, marking resignations of half of the corporate’s board of administrators (three out of six). After the excessive profile exits, solely Byju Raveendran, Riju Raveendran, and Divya Gokulnath are left on the corporate board.

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