On account of consolidation and restructuring of the organization and settlement on a $1.2 billion loan, edtech major BYJU’S has set the target to become profitable by March 2024, reported news agency PTI citing sources.
The firm has undertaken an exercise to reduce the workforce by about 3,000-3,500 in October by ending duplication in roles across the organization.
“Think and Learn Private Ltd (TLPL) restructuring will see the current operations spread across several business units streamlined into four core areas of K-12, test prep, online, and hybrid. The business restructuring, aimed at matching resources with cash flows, will see the company achieve break-even by coming March, in the fourth quarter of the current fiscal,” a so…
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