Arjun Mohan Steps Down As Byju’s CEO (Image: X/@_arjunmohan_)

Byju”s CEO, Arjun Mohan, has reportedly resigned from his position amid a major reorganisation. According to a CNBC report, founder Byju Raveendran will now take over control of the day-to-day operations of the edtech firm following Arjun Mohan’s departure. This top-level departure indicates the ongoing crisis at the firm. Byju”s witnessed a dramatic decline in both popularity and valuation in recent months.

As per the report, Byju Raveendran said that the latest reorganisation marks the beginning of Byju’s 3.0. As per the company statement, these changes follow an “extensive seven-month operational review and cost optimisation exercise” led by outgoing CEO Arjun Mohan.

“Mohan will now transition to an external advisory role, lending his deep edtech expertise to the company and its founders during this transformation phase,” said the edtech giant, as quoted by CNBC. Byju Raveendran also reportedly said that Arjun Mohan has done an “outstanding job” steering the company through a challenging period. He also added that the firm looks forward to the outgoing CEO”s continued contributions as a strategic advisor.

Byju”s appointed Arjun Mohan as its India chief executive, replacing Mrinal Mohit, in September 2023. Notably, Mohan was part of the founding team of Byju’s. He also served as the Chief Business Officer of the firm before joining Ronnie Screwvala’s upGrad as CEO in 2020. In July 2023, Arjun Mohan rejoined the company.

Arjun Mohan”s departure comes at a time when Byju”s has consolidated its operations into three focused divisions: the Learning App, Online Classes and Tuition Centres, and Test-prep. Reports suggest that each of these units will have separate leaders who will run the business independently. According to CNBC, Byju”s has already laid off over 10,000 employees in the past two years.