Googlee InfoEdge

  Byju’s layoffs lead to financial and emotional turmoil for employees Byju’s from a sales associate to a team leader in three years. His recent promotion included a 50% salary increase, bringing his annual income to Rs 13.05 lakh, which prompted him to buy a home for his parents in Mumbai. Raj secured a Rs 75 lakh home loan, making a Rs 30 lakh down payment and covering the rest with Rs 59,000 monthly EMIs. Despite working in Bengaluru and managing living expenses, Raj invested another Rs 10 lakh to furnish the flat. Confident in Byju’s future, Raj felt secure. However, on August 10, he was laid off. Unable to sustain the steep EMIs without his salary, Raj sold the house at a Rs 20 lakh loss after struggling to find a new job with half his previous salary.