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‘For 18 years, I have…’: CEO's message to Byju's employees amid company turmoil
The email, sent by Byju Raveendran on Thursday evening, came hours after he addressed the staffers in a town hall.
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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.
Also Read | 'Byju's nearing profitability,' CEO optimistic about loan issue resolution sans court intervention
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.
Also Read | Three board members quit Byju's, Deloitte steps down as auditor: Report
He, however, also stressed that the email was not to suggest that the organisation was not facing ‘tough headwinds.’
Raveendran did not touch upon issues such as layoffs, delay in appraisals, and delay in both variable pay and provident fund (PF) disbursements.
Also Read | Byju's making delayed PF payments, may face EPFO action: Reports
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.”
