Byju’s staffers temporarily call off protest after ‘unplanned’ town hall

economictimes.indiatimes.com:

The virtual town hall, a 50-minute call starting around 11 am, had Mohit assure employees that the company will no longer delay variable pays, incentives and will ensure that there are no more layoffs, attendees of the call told ET.Also read | Byju’s breaking bad: Will Indian startups feel the aftershocks? A Byju’s spokesperson told ET that the town hall was planned well in advance, to mark the completion of one year of the business unit. “We are not aware of any employee protests.

Any rumours regarding the same are incorrect,” the person said in a statement.Also read | MCA summons likely for directors of Byju’s parent A group of employees – led by area business heads at Byju’s Tuition Centre – had on Friday planned for a protest on July 25 to resolve issues of non-payment. Variable pay had not been credited to employees since the last three quarters and incentives had not been paid since the last one year, ET learnt from the employees.

“Since they said layoffs will stop, we will wait and watch. In case, a single employee is also laid off, protests will follow instantly without any ultimatum,” one the employees told ET.Also read | Consortium of Byju’s lenders extends pact to deal with edtech jointly: report A video had been making rounds on social media on Friday, where an employee of Byju’s, identifying themself as Payal, was seen questioning Soham Sanidhya, vice president of sales, on pending incentives, while also pointing out to repeated requests of failed communication channels internally to relay the same concerns previously.Also read | Byju’s to form committee to advise CEO on board, governance “This town hall wasn’t planned, it happened to stop the protests on July 25,” said Zia Ur Rehman, an area business head