More than a dozen current and former staff members of the Indian edtech startup Byju’s told Reuters that this week’s new issues have increased anxieties among employees who were already uncertain about their futures as a result of earlier rounds of job reductions.
On Thursday, three significant board members and the company’s auditor, Deloitte, severed ties with the Bengaluru-based organisation, raising further questions about the governance practises and financial health of the formerly high-flying organisation.
This year, Byju’s has already fired hundreds of employees as a result of diminishing demand. Even though at least one significant investor reduced the company’s valuation, it is also involved in a court battle with its lenders and is the subject of regulatory scrutiny.