Reported about 2 months ago
The insolvency of Indian ed-tech giant Byju's has triggered widespread panic among its employees, many of whom have not received salaries for months and are contemplating protests or legal action. Once valued at $22 billion, the company is now in a legal battle with US lenders over $1 billion in unpaid dues, leading to a suspended board and frozen assets. Employees are forming WhatsApp groups to strategize on recovering their compensation, while Byju's founder assures a future resolution if control is regained amidst growing anxiety about the company's fate.
Source: YAHOO