The exits are the latest reminder of the multiple crises brewing at the edtech company, which is reeling under liquidity pressure.
Byju’s, India’s largest edtech company, is undergoing a major overhaul. In a last-ditch move to cut costs and survive amidst debt repayments, lack of funding and poor cash flow, the company has fired thousands of people, including senior leaders like marketing head Atit Mehta, content head Asheesh Sharma, SaaS vertical head Deepak Ananthakrishnan and K-10 (kindergarten to grade 10) vertical head Ramesh Karra.
“These are the key top-level exits. Apart from them, a lot of employees at the VP and AVP level have been fired from functions like sales, post-sales and tutoring,” says a person in the know, requesting anonymity. …
Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.
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