Arjun Mohan, CEO of Byju, Resigns; Who Will Replace Him?

By Consultants Review Team Monday, 15 April 2024

Arjun Mohan, the CEO of Byju's, resigns. Byju Raveendran, the founder of Think and Learn, Byju's parent business, assumes responsibility for managing day-to-day operations. This was reported by news agency PTI.

Byju's announces a reorganization in reaction to the change in leadership, splitting the company into three separate segments: Test-Prep, Online Classes and Tuition Centers, and The Learning App.

The reorganization comes after a thorough seven-month evaluation and cost-optimization program led by departing CEO Arjun Mohan with the goal of improving operational effectiveness.

Byju Raveendran's focus on strategic initiatives like financing and international expansion has shifted, and he will now actively oversee the day-to-day operations of the business.

Arjun Mohan will continue to provide Byju's and its founders with his considerable edTech sector knowledge as he transitions into an external advisory role, helping them through this transitional time.

With the introduction of the new organizational structure and Raveendran's return to operational leadership, Byju's is ready to enter a new stage of growth that will prioritize innovation-driven expansion. The business intends to expand its line of AI-first goods, which have garnered favorable feedback from pilot customers.

Byju's, an edtech business, has started laying off staff members without offering them a performance improvement plan (PIP). According to reports, the corporation called employees to tell them of the layoffs and did not follow the standard notice period.

Furthermore, Byju's has come under fire for experiencing yet another delay in salary payments. This loss was ascribed by the management to an interim order that "a few misguided foreign investors" had won in late February. Salary payout delays are purportedly the result of this order's restrictions on the use of cash acquired through a successful rights issue.

Between 100 and 500 workers are expected to be impacted by Byju's most recent wave of layoffs, which will mostly hit the sales department.

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