hr.economictimes.indiatimes.com | www.ETHRWorld.com
Arjun Mohan, who took charge as the new chief executive of the India business at Byju’s last Wednesday, is set to unveil a series of changes at the financially troubled edtech firm, including cutting the headcount by a third or about 4,000-4,500 people to further tighten costs, people aware of the matter said.
Mohan, in his second stint at Byju’s after heading edtech rival Upgrad’s India business, has briefed senior company executives that he will be merging several business verticals as part of the changes that are expected to be rolled out later this week or early next week.
The job cuts would cover both permanent and contractual staffers at Think & Learn – the parent of Byju’s – and are not linked to any of its subsidiaries, the people cited above said. However, a significant number of senior roles would be made redundant at the firm.
The final size of the India workforce at Byju’s may still vary as various teams will be assessing the impact of the latest changes.
However, the scale of these cuts would be “deep”, one of the persons said.
Going forward, the company would sharpen its focus on profitable businesses inside the two broad verticals. “They (Byju’s) want to bring more students to offline centres and that’s the…
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