If the dispute increases, instead of closing the office, instead of closing the office, instead of BYJU’S, new recruitments are announced.
Byju’s had revealed the company’s plan only last month, according to which 2500 employees were to be laid off to reduce costs. With this plan, the company was aiming to become profitable by March next year.
Announcement of new vacancies
With controversy erupting over reports of BYJU’S firing its employees and closing offices education The tone of the tech company of the sector has changed. After talks with Kerala Chief Minister P Vijayan today, the company’s Founder byju Ravindran has announced new recruitment in the state. Today Raveendran had a meeting with Kerala Chief Minister P Vijayan on this matter, after which he has withdrawn the decision to send 140 employees of one of his offices located in the state to another place. Along with this, he has also announced a plan to hire 600 people in Kerala.
what is this whole matter
In fact, the company wanted to close down the office in Thiruvananthapuram as a cost-cutting strategy, so it had given 140 employees working at the TVM Product Development Center here the option of moving to Bengaluru. The employees were told that they would have the option of returning to Byju’s in case they could not find any more jobs in the next 12 months. However, after Byju’s founder Raveendran held a meeting with Chief Minister Vijayan, the company reversed its decision and said it would expand its business in the state.
The company said in a statement, “After detailed consultations between Kerala Chief Minister P Vijayan and Byju’s founder Byju Raveendran, it has been decided to continue operations at the TVM Product Development Centre.” Now our 140 colleagues will continue to work from this center. Ravindran hails from Kerala. The company has 3,000 employees in Kerala. Byju’s is committed to investing in Kerala, the statement said. In the current financial year, it will open three more offices in the state, taking the number of its offices here to 14 and the number of employees here will increase from 3,000 to 3,600.
There is a plan to reduce the cost to be profitable.
Byju had put forth the complete plan of the company only last month. Accordingly, Byju’s plans to reach a profitable position by March 2023 by reducing its marketing and operational costs. For this, the company has expressed its intention to lay off five percent i.e. about 2,500 employees in the next six months. At the same time, the company will also start focusing on increasing brand awareness overseas through new partnerships. Apart from this, it is also part of the plan to hire 10,000 teachers for business in India and abroad. With the implementation of this plan of the company, the controversy escalated and a minister of the Kerala government openly came out in favor of the employees in this matter.