edtech company – The News Desk

NEW DELHI: Byju Raveendran, the founder of Think and Learn, the edtech company that owns the Byju's brand, will assume control of the company's daily operations following the departure of CEO Arjun Mohan, as announced by the company on Monday. The company has revealed a significant restructuring of its business, consolidating its operations into three focused divisions: The learning app, online classes and tuition centres, and test-prep."The changes follow an extensive seven-month operational review and cost optimisation exercise led by outgoing BYJU'S India CEO Arjun Mohan.This new phase will also see Byju Raveendran taking a more hands-on approach in spearheading the daily operations of the company," the company said.Mohan will transition into an external advisory role, offering his ext...

Illustration: Binay Sinha Edtech firm Physics Wallah may lay off up to 120 employees due to performance issues, according to the company. The company in a statement said that less than 0.8 per cent of its total workforce will be impacted due to the performance review exercise. "At PW, we regularly assess performance through mid-term and end-term cycles. For the cycle ending in October, less than 0.8 per cent of our workforce, ranging from 70 to 120 individuals with performance concernsmay be asked to transition. "Our primary focus remains on fostering a dynamic, high-performing team. We plan to hire an additional 1,000 employees in the next six months," PW, CHRO, Satish Khengre said in a statement. The company has around 12,000 employees. Several e...

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Byju’s founder Raveendran to take over firm’s daily operations after CEO Mohan’s resignation

Physics Wallah may lay off up to 120 employees due to performance issues