Byju's, the edtech company, is facing significant financial strain, leading to a series of layoffs and delayed staff salaries for the second consecutive month. Investors have refused to participate in a rights issue, despite an extension, amid a legal battle with four foreign investors that has restricted the company's fund usage due to an interim order in late February. The National Company Law Tribunal's (NCLT) approval is awaited for rights issue funding, which has further compounded the company's financial woes. The recent layoffs, primarily affecting the sales function, were executed via phone calls and without prior notice or Performance Improvement Plans (PIP). Reports indicate that the latest round of job cuts could impact around 500 employees, adding to over 10,000 layoffs in the past two years, with a recent round likely affecting 100-150 employees.