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

Following the resignation of CEO Arjun Mohan, Byju Raveendran, the creator of Think and Learn, Byju’s parent firm, assumes the duty of 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 emphasis on strategic initiatives like financing and international growth has shifted, and he will now actively oversee the day-to-day operations of the business.

A Novel Organizational Framework
Arjun Mohan will continue to provide Byju’s and its founders with his considerable edTech sector knowledge as he transitions into an external advisory position, 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 development 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 workers 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 via 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.