Byjus India : Byjus, a leading ed-tech company that shone a light during the Covid era, is currently facing severe financial difficulties. From the last two years, some news regarding this organization has been doing the rounds in the media. Recently, another important development has taken place in the context of the enforcement officers taking possession of the assets of this organization. Byjus India CEO Arjun Mohan resigned on Monday. With this, there was another commotion in the organization.
Baiju's organization has announced that Baiju Ravindran will oversee the day-to-day operations in the wake of Arjun's resignation. In the early days of Rabindran's cat coaching, Arjun was his student. Arjun, who took over as the CEO, worked at Buy Juice for only 6 months. His resignation has become a sensation when the organization is at a crucial stage of reorganization. It seems that despite his resignation, he will continue as an advisor to the company. The employees of the company say that Arjun is very close to Ravindran. In fact, after Ravindran became the CEO of ByJuice, which was facing major upheavals, key changes took place. Arjun fired many employees in the name of financial savings. Most of the offices were closed. Employees are given the opportunity to work from home. Arjun also supervised the activities of Akash College related to this institution. Arjun worked as the Chief Business Officer of Byjus Company three years ago. In between, he left as the CEO of an op grade company for a few days. He resigned there and returned to Buy Juice in September last year.
The company is not saying why Arjun resigned. But according to information from reliable sources, due to worsening financial difficulties, dismissal of many employees, inability to pay salaries, lack of way to free assets from central investigation agencies, Arjun seems to have resigned. It is being spread that employees are walking out due to not paying wages properly. On the other hand, in the wake of Arjun's resignation, it seems likely that Rabindran will divide Buy Juice's activities into three ways. It seems that they will be classified as App and AI, Test Preparation and Tuition Centers. Tuition centers have also been reduced to 250 due to financial difficulties.
