Earlier this month, BYJU’s announced it would cut 5 percent of its 50,000-strong workforce (about 2,500 people), which “will be rationalized in phases across product, content, media and technology teams” in an effort to boost its Indian business.
The Karnataka State IT/ITeS Employees Union (KITU) has claimed that, after Thiruvananthapuram in Kerala, BYJUs is now forcing employees to resign at its headquarters in Bengaluru.
“It is absolutely wrong that BYJU’S is forcing employees to resign. BYJU’S is a responsible organization and follows all laws of the country. BYJU’S employs nearly 50,000 people across India. It is part of its current strategic plan to grow profitably and sustainably” , the edtech unicorn told IANS.
The company also said that each employee affected by the restructuring will be individually informed.
“BYJU’S offers them all a progressive exit package, including comprehensive family health insurance, outplacement services, fast full and final settlement on demand and the provision of ‘garden leave’ where they can look for work while on BYJU’s payroll”, a company spokesperson said.
Earlier, the edtech unicorn had decided to close the operations on the Technopark campus in Thiruvananthapuram, after which the workers approached the state labor department.
About 140 employees of the 170 employees of Technopark have been asked to leave. BYJY’s has nearly 3,000 employees in Kerala.
The company said it will strengthen its presence in the state in the future.
“All of these employees will also be offered an assured path to return to BYJUs in the event that they are unable to find a job for the next 12 months,” it added.
The company said that in an ongoing organizational restructuring for profitable growth, “BYJU’S is committed to providing relevant relocation opportunities to affected employees.”
“In this regard, while we are ceasing part of our Thiruvananthapuram business to reduce redundancy, we are also offering the entire Technopark team the opportunity to relocate to Bengaluru,” it added.
BYJU’S also said it will add three more offices in the state in the current fiscal year, bringing the total number to 14, in addition to increasing the number of employees in Kerala from 3,000 to nearly 3,600.
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