Byju’s, a leading edtech firm, is navigating financial challenges by closing its offices across India, except for its Bengaluru headquarters, to transition to remote work. This decision aligns with a broader restructuring plan led by Byju’s India CEO Arjun Mohan, aimed at cost-cutting amidst a dispute with investors over recently raised funds. With nearly 14,000 employees impacted, the company is also delaying part of February salaries for 75% of its workforce, pledging payment upon resolution of fund utilization. This move underscores Byju’s efforts to adapt to changing circumstances and optimize operations amid an uncertain economic climate.
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