Amid Cash Crunch, BYJU'S Links Sales Staff Salaries To Weekly Revenues
India, May 2 -- Amid severe cash crunch, embattled edtech major BYJU'S has implemented a policy linking the salaries of its sales staff to weekly revenue.
This comes days after the company cleared part of the pending salaries last month. It faced multiple delays in disbursing its employee salaries due to a shortage of funds.
As per CNBC-TV18's report, BYJU'S will now directly compensate its sales staff with a portion of the weekly revenue they generate which is calculated at the end of every seven days.
This policy applies to the inside sales (IS) and BYJU'S exam prep (BEP) teams, which are primarily responsible for generating revenue for the company.
It became effective from April 24 and will continue till May 21. It aims to address ...
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