Relief news for distressed Byju’s employees, know here when the salary for May will come.

If you are an employee of troubled edutech company Byju’s, then there is relief news for you. The company can credit the May salary of its employees in their accounts by Monday evening (3 June 2024). There is every possibility of this. Byju’s has completed the process of paying salaries to its employees for May 2024. According to Money Control news, this would mean that the Edutech company has paid salaries to its employees without any delay or delay. In May, Byju’s rolled out a new policy for its sales team, linking their salaries to weekly revenue.

Salaries paid from company collections

According to the news, earlier it had been delayed several times due to cash crunch and increasing legal battles. Salary for the month of May has been processed for the employees and will be deposited today. He said that this time the salary has been paid from the company’s collections. The ability to cover salary expenses from monthly collections underlines the positive impact of the recent measures taken by Byju’s to streamline payments to its employees and improve its financial health.

Salary will continue for the next six months

The edtech company did not immediately comment when contacted regarding the matter. Byju’s has been struggling for months to pay salaries to thousands of its employees on time and clear their pending dues. It has not yet paid the outstanding salaries of February and March to thousands of its employees. Now it has prepared a plan to pay salaries on time for at least the next six months.

According to Chief Technology Officer Jini Thatil, the outstanding approvals for February and March will be given between June 15 and June 30, with the worst case being July 8. He told the employees that there will be no disruption in monthly salary credit for the next six months.