BYJU’S employee’s tearful video seeks PM Modi’s intervention after being compelled to resign.
Despite achieving a remarkable financial transformation and becoming India’s most valuable startup until recently, Byju’s is currently facing a reversal of fortunes due to various challenges.
Adding to these challenges, the prominent ed-tech company is now grappling with further complications arising from controversies and new allegations brought forth by one of its employees, Akansha Khemka, who serves as an academic specialist at Byju’s. In an emotional video, Khemka appeals for the intervention of Prime Minister Modi after being forced to resign.
In the heart-wrenching viral video, Khemka, who is the main financial support for her family, expresses her distressing situation. She reveals that the company informed her abruptly about her required resignation by July 28, and not complying would lead to a 30-35 day delay in receiving her August 1 salary.
Having devoted more than a year to the startup, her emotional plea vividly portrays the severity of her circumstances. As the sole breadwinner while managing her husband’s illness and repaying loans, she genuinely fears for her survival without her salary on time. Her plea brings an immediate sense of urgency to the situation and highlights the potential consequences for her overall well-being.
The edtech firm, previously valued at around $22 billion in early last year as reported by zeebiz has undergone a decline that resulted in notable workforce reductions since October. The drop in demand for online tutoring following the conclusion of the COVID-19 pandemic might be among the factors contributing to this downturn. Consequently, the company has taken steps to reduce costs. These layoffs may have affected employees as they dealt with the difficulties arising from shifts in market dynamics.
In the meeting where Khemka’s termination was disclosed, her manager pointed to her performance and behavior as the grounds for her layoff. However, upon approaching the HR department, she discovered that these stated reasons were not the true factors behind her termination.
Khemka also revealed that Byju’s had promised variable pay, and she had taken loans for her family based on this assurance. However, the company failed to fulfill its promise, leaving her in a difficult financial situation. Now, facing pressure from vendors, she expressed her distress, questioning how she will provide for her family’s basic needs.
In her statement, Khemka strongly emphasizes her commitment by highlighting that she hasn’t taken any days off during her tenure at the company. She clearly expresses her expectations, including receiving her salary, variable pay, compensation for unused leaves, and a timely settlement of her Provident Fund (PF) contributions.
The primary focus of Khemka’s message is directed towards Byju Raveendran, the CEO and co-founder of the company. She aims to establish a direct line of communication with him, asserting that he holds the responsibility for any extreme actions she might contemplate as a result of her distressing situation.
The primary focus of Khemka’s message is directed towards Byju Raveendran, the CEO and co-founder of the company. She aims to establish a direct line of communication with him, asserting that he holds the responsibility for any extreme actions she might contemplate as a result of her distressing situation.
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