Page 13 - Arjun Mohan News Today

The report states that the reorganization initiative is being carried out under the direction of the new CEO, Arjun Mohan.

BYJU's had "over hired" people at the time of Covid pandemic due to sudden jump in online education, but the demand has now receded, for which the company needs to do the course correction, reported PTI quoting sources.

Byju's parent company, Think & Learn, is the only entity affected by the job cuts

Indian education technology firm Byju’s has revealed plans to implement significant restructuring measures, including a workforce reduction

“Byjus new India CEO, Arjun Mohan, will be completing this process in the next few weeks and will steer a revamped and sustainable operation ahead,” the spokesperson added.

Byju’s, India’s largest edtech startup, plans to fire as many as 4,000 employees in the latest round of layoffs, according to people familiar with the ......

The job cuts are being implemented only at Byjus parent, Think & Learn (THIK.NS), and are not linked to any of its subsidiaries, the report said, adding that a significant number of roles to be made redundant would constitute senior positions at the firm.

Byjus new India CEO is setting about cleaning house with no stone unturned. Within a week of taking over, Arjun Mohan is planning to merge verticals and prune staff strength by a third – thats over a whopping 4,500 jobs - to rein in costs. This and more in todays ETtech Morning Dispatch.

Byju's Lay Off 2023: Edtech major BYJU's may lay off up to 3,500 employees during the current fiscal as it looks to consolidate teams and enhance regional focus, sources privy to the development said.

It is worth noting that this would not be the first restructuring exercise at BYJU'S. Earlier this year, the edtech laid off about 1,000 employees. Late last year, the company let go of 2,500 employees.