Of the 48 laid-off employees contacted, 40 say they did not get the full-and-final settlements which was promised to reach them by November 17
Crisis-hit Byju’s has again missed the deadline For full-and-settlements of employees who were laid off by the edtech company, according to a Moneycontrol report. The company had earlier postponed the final payment day from September till November.
According to the report, 60 employees who were sacked by Byju’s were contacted. Of the 48 who responded, 40 said they did not get the full-and-final settlements which was promised to reach them by November 17.
Of the 8 employees who get their full-and-final settlements, about 2-3 did not receive their variable pay or incentives, it said.
The report, citing a source close to the company, said Byju’s is making the payments in a phased manner on a weekly basis and has already settled the payments of those that were due in October.