Byju슬롯사이트™s Financial Crisis: Edtech Platform Links Sales Employees슬롯사이트� Salaries to Weekly Revenue Generation Amid Cash Crunch
The new company policy is currently applicable to sales teams, including the Inside Sales (IS) and Byju슬롯사이트™s Exam Prep (BEP) teams, according to an internal company document. Byju슬롯사이트™s did not immediately comment on the new policy.
New Delhi, May 2: Embattled edtech platform Byju슬롯사이트™s, which is finding it difficult to pay full salaries amid severe cash crunch, has now linked sales employees슬롯사이트� pay to weekly revenue generation.
The new company policy is currently applicable to sales teams, including the Inside Sales (IS) and Byju슬롯사이트™s Exam Prep (BEP) teams, according to an internal company document. Byju슬롯사이트™s did not immediately comment on the new policy. Applicable for a period of four weeks till May 21, the new policy will ensure the disbursal of a percentage of the weekly revenue generated by sales staff, according to the document.슬롯 머신 사이트 추천Google Layoffs: Tech Giant Lays Off About 200 Employees From Its 'Core' Organisation, To Hire Corresponding Roles in India and Mexico.
슬롯사이트œStarting immediately, 50 per cent of the upfront weekly collection will be directly disbursed to our sales associates every week for the next four weeks,슬롯사이트� read the email. 슬롯사이트œFor instance, if an associate successfully collects Rs 50,000 in revenue generated from orders between April 24th and April 30th, they will receive Rs 25,000 on May 1,슬롯사이트� the document further said.
The base salaries for sales team associates will be suspended temporarily during the period till May 21. 슬롯사이트œSince the base salary has been suspended, you will not receive any payout or salaries for the given period (when the associate fails to do any revenue in a given week),슬롯사이트� the company said in the internal document.슬롯 머신 사이트 추천UPI Transactions in April 2024 Drop to 1,330 Crore, 1% Down From 1,344 Crore in March.
Last month, the shareholders of the company approved the rights issue, paving the way for its parent company Think & Learn Private Limited to issue fresh shares and conclude the rights issue aimed at tackling the severe cash crunch. The approval of the extraordinary general meeting (EGM) proposals cleared the hurdle to tackle unpaid salaries, regulatory dues and vendor payments.
(The above story first appeared on LatestLY on May 02, 2024 10:47 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).