Arjun Mohan, who took charge as CEO of Byju’s only a few months back, has decided to step down from his role. This is another one of the changes incorporated by Byju’s to make things more organised and improve their operational efficiency.
In recent months Byju’s has been making the headlines for all the wrong reasons. Mass Layoffs via phone calls have shaken the workforce. Now, Arjun’s resignation has made matters worse.
Layoffs via Phone Calls
Byju’s has laid off a substantial portion of its workforce. This has sent shockwaves through the industry. Estimates suggest that around 500 employees in early 2024, and roughly 4,500 in 2023 have been laid off, impacting nearly 7% of their workforce.
Reports suggest that employees across various roles, including sales, marketing, teaching staff, and tuition center employees, were impacted by the downsizing. If this itself is not shocking enough, then there is more.
Some of these layoffs were conducted in, what can easily be said as, a nightmarish way for the employees. Employees were informed via phone calls with little notice or minimal severance. This has stirred controversy and raised concerns about the company’s treatment of its workforce.
Byju’s CEO resignation
Arjun Mohan became the top leader at Byju’s India not too long ago and had decided to step down from his role. He is the former CEO of Upgrad, an EdTech company. Arjun has worked before as the chief business officer of Byju’s between 2019 and 2020. He was appointed as the CEO in September 2023, taking over from Mrinal Mohit.
His announcement of stepping down on April 15, 2024, couldn’t have come at a more challenging time. Byju’s is currently struggling with financial pressures and an internal restructuring process. Arjun’s leaving adds another layer of “what now?” to Byju’s future. His departure has caused further uncertainty about the company’s future. With him gone, who will take place as the company’s head now? This resignation underscores the depth of Byju’s current struggles and raises questions about its ability to navigate the road ahead. While the official reason for Mohan’s departure is pursuing other opportunities, it likely coincides with Byju’s current financial situation.
Plan for Future
Although Arjun has stepped down from the CEO post, he will take on an external advisory role. In addition to Mohan’s transition, Byju’s is undergoing a significant restructuring of its business operations. This involves reorganising its different departments and activities into three main divisions: The Learning App, Online Classes & Tuition Centres, and Test-Prep.
Each of these divisions will focus on a specific aspect of Byju’s offerings, making it easier to manage and optimise each area for success. Each of these divisions will be led by separate leaders, who will be responsible for overseeing the respective business units independently. This way, Byju’s hopes each part can be more flexible and come up with new ideas.
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