India's New Byjus CEO Bring Series Of Changes, To Cut Over 4,000 Jobs

Newly appointed Chief Executive Officer (CEO) of Byjus India, Arjun Mohan is set to bring a series of changes in the company by cutting off more than 4,000 jobs in order to reduce the company's cost, reported a leading media company. 

Before this, Mohan led the Indian business of the company's rival, Upgrad as a senior company executive. In Byjus, Mohan will be working to merge multiple business verticals as he is expected to bring changes to the company. 

According to the reports, the layoff will be the combination of the improvement plan, the degrading performance of employees and letting go of the contract staff.

The report also highlighted that the CEO met some of the senior staff in the company and informed them that their positions or staff might be impacted as a repercussion of the change. 

The ed-tech startup recently witnessed a turbulent situation in terms of revenue and fundraising, the startup that boomed during the pandemic dipped down due to multiple factors later on.