Byju's tells employees to WFH as it gives up office spaces amid cash crunch
The move to give up offices is part of Byju's India CEO Arjun Mohan's restructuring exercise to save cash as proceeds from the rights issue (around $250-$300 million) remain stuck amid its tussle with select investors.
Byju's has promised to pay the remaining salaries once it is allowed to use the funds from the recently closed rights issue. Image: IANS