Amid the ongoing crises at Byju's, its co-founder and CEO Byju Raveendran, in an email to employees, noted how, for 18 years, he dedicated more than 18 hours a day to the company, and wants to continue doing this ‘for at least 30 more years.’
“This company is not just my work, it is my life. For 18 years, I have dedicated more than 18 hours a day to Byju's pouring my heart and soul into this mission. And I want to do this for at least 30 more years,” Raveendran wrote, according to Moneycontrol, with the email coming on Thursday evening, hours after he addressed the staffers in a town hall.
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The 43-year-old, who co-founded the edtech firm in 2011 with his wife Divya Gokulnath, further clarified to its employees that the resignation of Deloitte, its auditor, was a ‘mutually agreed-upon decision,’ adding that the move did not play any role in the exit of three of its board members.
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He, however, also stressed that the email was not to suggest that the organisation was not facing ‘tough headwinds.’
{{/usCountry}}He, however, also stressed that the email was not to suggest that the organisation was not facing ‘tough headwinds.’
{{/usCountry}}Raveendran did not touch upon issues such as layoffs, delay in appraisals, and delay in both variable pay and provident fund (PF) disbursements.
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Describing the layoffs as a ‘last resort' made with a 'heavy heart’ he wrote: “My heart goes out to each and every team member who is facing the difficult reality of downsizing. Tough times test us, but they also reveal our true strength. I assure you that the edtech is here to stay. We are here to stay. We have not come this far to only come this far.”