The troubled edtech startup Byju's allegedly requested staff members to work from home permanently, closing all of its offices nationwide. However, the cash-strapped business has allowed employees at its roughly 300 physical tutoring centers to leave the Work From Home program.

People close to the situation informed news agency IANS on Monday that Byju's had given up office premises when the leases expired, maintaining only its Bengaluru-based headquarters at IBC, Knowledge Park.

The decision to close offices is a part of Byju's India CEO Arjun Mohan's reorganization effort to conserve money, as IANS has reported, as the company struggles to get the $250–$300 million profits from the rights offering unsettled. The development was initially reported by CapTable.

In spite of several financial difficulties, the organization has managed to pay out part of the outstanding paychecks for more than 20,000 workers for the month of February. It has pledged to pay the outstanding salary as soon as it is permitted to utilize the proceeds from the recently concluded rights issuance.
To the extent of the funds we could obtain outside of the rights offering, we processed everyone's partial salary for February late on Friday night. In a recent letter to employees, the firm stated that it will pay the remaining amount as soon as the proceeds from the rights issue become available, which we anticipate happening soon, according to IANS.

The firm stated in the letter that the salary was delayed because of the long weekend and second Saturday, and that it should appear in employee accounts on March 11. The National Company Law Tribunal (NCLT) Bengaluru bench had ordered Byju's to retain the $250–$300 million in proceeds from the rights offering in a different account until the investors' complaint was resolved.