Seven months after joining the edtech company, Arjun Mohan, the chief executive officer of Byju’s India operations, announced his resignation. The company’s initiatives to simplify and reorganise its operations include his departure.
The business said in a statement on Monday that “the changes follow an extensive seven-month operational review and cost optimisation exercise led by outgoing Byju’s India CEO Arjun Mohan.” It further stated that Mohan will now go into an external advisory capacity, as reported by Livemint.
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The edtech behemoth is streamlining its operations into three distinct segments: test-prep, online classes & tutoring centres, and the learning app.
Previously in charge of the business’s financing and growth prospects, Raveendran will now be in charge of day-to-day operations.
The company has been delaying wage payments since the beginning of the year and has cut off over 500 employees earlier this month due to its inability to access the $200 million it raised.
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