Why Is BYJU'S Being Evicted From Over 100 Tuition Centres?
Major Setback for BYJU'S
BYJU'S, the prominent edtech startup, faces a major setback with evictions from over 100 tuition centres across the country.
Evictions Due to Unpaid Dues
Documents reveal that landlords have evicted BYJU'S from these centres for unpaid rent and utility bills over the past 2-3 months.
Widespread Centre Closures
Tuition centres in UP, Bihar, Jharkhand, and West Bengal are already closed due to these evictions, with more closures likely.
Unpaid Utility Bills
BYJU'S has also failed to pay water, electricity, and garbage collection bills for the remaining functional centres.
No Response from BYJU'S
BYJU'S has not responded to queries about the closures, but earlier claimed most centres were still operational.
Cutting Costs
The company's cost-cutting measures, including pay cuts and hiring new teachers at lower salaries, have impacted the quality of education.
Financial Strain and Insolvency
The disruption in BYJU'S offline business comes at a time of financial strain, with ongoing battles with investors and insolvency proceedings.
Exclusive: Crisis-Hit BYJU’S Locked Out Of Over 100 Tuition Centres Over Unpaid Rent
Explore More!