BYJU'S revokes dismissal of 140 employees in Kerala after meeting with CM
Thiruvananthapuram: Edtech company BYJU'S has withdrawn its decision to close operations in Kerala's Thiruvananthapuram and fire 140 employees in the state after meeting Kerala CM Pinarayi Vijayan, said media reports.
In a statement, the Edtech giant said, "Following a detailed discussion between the Hon'ble Chief Minister of Kerala, Shri P Vijayan and Byju Raveendran, Founder of BYJU'S, we have decided to continue operations of our TVM (Thiruvananthapuram) product development centre.
"As a result, our 140 associates will continue to operate from this centre. Byju Raveendran, who is from Kerala, reiterates his commitment to the state and the leadership team of BYJU'S, under his guidance, will pursue a growth strategy in the state."
The development comes days after the laid off employees of BYJU'S in the Thiruvananthapuram office met Kerala Labour Minister V Sivankutty and asked him to get involved in the situation.
The disappointed employees said that the company closed its Technopark office without a prior warning and the management had been coercive in seeking their resignations, reported NDTV .
Last week's decision followed the company's announcement that it would cut its workforce by 5 percent to lower costs and improve profitability by March next year.
"At technopark, Thiruvananthapuram Employees of BYJU'S app came and met me with the office bearers of IT employees welfare organisation Echo of Technopark. Employees have many complaints, including job losses. The Labor Department will conduct a serious inspection in this matter," said Kerala Labour Minister, according to NDTV.
Separately, Byju Raveendran apologised to his employees for the recent layoffs in an email.