BYJU'S shuts down offices, asks employees to work from home
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The road to recovery seems distant for BYJU'S while it grapples with maintaining cash flow. In the latest move to cut costs, the ed-tech has shut most of its offices and has mandated work-from-home regime for its employees. The firm will maintain only its Bengaluru-based headquarters at IBC Knowledge Park. The new measures come amid the ongoing dispute with investors over the legitimacy of funds raised from a recent rights issue offering. It is also struggling with paying timely salaries.