Byju’s new CEO Arjun Mohan plans to merge businesses, around 5,500 jobs to be cut: Report

byju’s More layoffs expected to restructure business: Arjun MohanThe recently appointed chief executive of Byju’s India has wasted no time in taking over the reins of the edtech giant. According to an ET report, Mohan’s strategy includes streamlining operations, and insiders suggest he plans to reduce the size of the local unit by a third to increase cost control.
Mohan, who returns to Byju’s after leading Upgrad’s Indian business, has reportedly informed senior executives that he intends to merge various business verticals, with the changes expected to take effect later this week or early next week. Expected to be implemented. This move is expected to result in job cuts Around 5,500 posts, including both permanent and contractual employees, the ET report said.
The report claims that job cuts will be limited to Byju’s parent company Think & Learn and will not have any impact on its subsidiaries. However, a large number of the posts to be removed are senior level posts.
Looking ahead, the primary focus will be on drawing attention to profitable efforts within the two primary verticals. According to a source in the know, Byju’s aims to attract more students to offline centres, with this being seen as a key approach to achieve sustainable operations in the long term.
A company spokesperson confirmed to the financial daily, “We are in the final stages of a business restructuring exercise to simplify operating structures, reduce cost base and improve cash flow management. Byju’s new India CEO, Arjun Mohan will complete this process over the next few weeks and drive a new and sustainable operation.” However, specific questions regarding the restructuring were not answered.
The firm, valued at $22 billion last year, has faced a number of business challenges, including the departure of its auditor and board members. Apart from this, it has also been in the news in recent months regarding the repayment of loan of $1.2 billion.

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