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Byju's staff say morale waning amid turmoil at edtech firm
Mint Mumbai
|June 26, 2023
Fresh troubles at Indian edtech startup Byju's this week have escalated concerns among employees who were already uncertain about their future after several rounds of job-cuts, more than a dozen current and former staff told Reuters.
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Auditor Deloitte and three prominent board members severed ties with the Bengaluru-headquartered firm on Thursday, raising further questions about the once high-flying company's financial health and governance practices.
Byju's has already let go of thousands of employees this year due to slowing demand and it is locked in a legal battle with its lenders and faces regulatory scrutiny, even as its valuation has been slashed by at least one marquee investor.
Dit verhaal komt uit de June 26, 2023-editie van Mint Mumbai.
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