Byju’s to Vacate Several Offices in Cost-cutting Drive, May Give up HQ Partially

Byju’s to Vacate Several Offices in Cost-cutting Drive, May Give up HQ Partially

Embattled edtech firm Byju’s is undergoing a cost-cutting initiative and restructuring drive that includes downsizing some of its smaller assets across the country. The company has identified multiple offices and tuition centers in 17 cities, ranging between 500 and 1,000 sq ft, for downsizing. Byju’s will now have around 250 centres left in the country that will also double as its sales centres. The firm has also downsized its operations in IBC Knowledge Park and vacated properties in Prestige Tech Park, Bengaluru. Byju’s is facing several challenges, including legal disputes and financial difficulties.

TIS Staff

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