Top Stories

Byju's claims that a "unexpected technical glitch" caused the almost 1,000 workers' November pay to be delayed

 Byju's claims that a "unexpected technical glitch" caused the almost 1,000 workers' November pay to be delayed


A technological issue at the edtech firm Byju's has caused around 1000 workers' wages to be delayed. The business said that it is attempting to fix the problem.


Because to a "unexpected technical glitch," the pay of almost 1000 workers of the edtech firm Byju's have been delayed. The troubled business said that it would collect the outstanding monies by Monday and that it was trying to resolve the issue.


We have noticed that some workers' processing has been delayed as a result of an unforeseen technical issue. The firm indicated in a statement sent to The Economic Times that the issue is being resolved and payments would be handled by Monday.


According to reports, Think & Learn, the firm's parent company, is the group of people impacted. Everyone on staff seems to have been impacted by this delay. Employees connected to its test-preparation company, Akash Institute, are unaffected, however.


This happened just a few days after the business was charged with breaking the Foreign Exchange Management Act regulations in India. Byju neglected to assign shares in lieu of the about Rs 80 billion in foreign investment, according to the Enforcement Directorate, and delayed submitting paperwork against it.


The beleaguered edtech business, meanwhile, had earlier this week maintained that the ED notice was connected to technological problems, such the ₹8,000 crore foreign direct investment annual performance report's late submission. Byju's said that it anticipates a small fine in this case, if any.


No comments: