Embattled edtech giant Byju’s will look to drive costs further down by likely cutting jobs as it moves to a more streamlined business under a new leader.
“We are in the final stages of a business restructuring exercise to simplify operating structures, reduce the cost base, and better cash flow management,” a Byju’s spokesperson told BQ Prime. “Byju’s new India CEO, Arjun Mohan, will be completing this process in the next few weeks and will steer a revamped and sustainable operation ahead.”
While the company didn’t specify the number of employees that will be impacted by restructuring, several media reports claimed that the number could range between 4,000 and 5,000. The company has already laid off about 3,600 employees since its t…
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