Byju’s pays November salaries to 1,000 employees after 4-day delay

Edtech company Byju’s on Monday credited pending November salaries to about 1,000 employees, providing relief as it battles challenges that include securing fresh capital, delays in financial reporting and legal disputes with lenders.

The salaries were to be credited by December 1. Byju’s said a technical glitch in uploading details to a payroll service system delayed the salaries and has been resolved now.

“We have noticed a delay in processing salary for some limited employees (less than 5 per cent) due to an unexpected technical glitch,” said a Byju’s spokesperson. “The issue (was) being rectified over the weekend and payment will be processed by Monday.”