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        Byju Raveendran resumed the role of CEO at Byju's, replacing Arjun Mohan who stepped down after 10 months as CEO and transitioned to an advisory role.&nbsp;
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EdTech: K-12

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 <p>Byju Raveendran has resumed his position as CEO at Byju's. This follows the departure of Arjun Mohan, who served as CEO for 10 months before transitioning to an advisory role.&nbsp;</p>
 
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Byju Raveendran resumes CEO role as Byju's navigates restructuring challenges

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<p>Byju, an educational technology company, laid off 500 of its employees primarily from the sales and marketing departments due to a financial crisis it is suffering through. This process took place over a span of two months with the company focusing on dismissing its underperforming members. The firm now seems to be proactively modifying its business structure while struggling to manage its financial situation.</p>

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Byju's lays off 500 employees amid restructuring and cash crunch

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 <p>Byju's, an educational company, has confirmed that 262 of its centers are entering their third year of operation, contradicting rumors of their closure. Earlier reports speculated that Byju's was planning to shut down 200 out of its 300 national centers in a bid to cut costs, but the company has denied these claims. Byju's aspires to set new benchmarks in hybrid learning through a blend of online and offline modes.</p>
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Byju's clarifies rumors on tuition center shutdowns

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 <p>In light of a liquidity problem and investor disagreements, Byju's has chosen to shut down all its offices except for the Bengaluru headquarters. This shift towards remote work is a part of the company's strategic plan to navigate through its financial challenges.</p>
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Byju's shuts offices in response to impending liquidity issue

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 <p>Byju's recently had a fully subscribed rights issue worth USD 200 million, even with existing tensions with main investors like Prosus and Peak XV. Attempts from some investors to remove the founder were nullified by a court ruling. The company plans to restructure its board and introduce independent directors.</p>
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Byju's USD 200 million rights issue fully subscribed amid complex investor dynamics

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 <p>Byju's US division, known as Byju's Alpha, has declared bankruptcy owing to a default on a debt of USD 1.2 billion. This declaration was initiated by a court-appointed trustee, providing the opportunity for the US unit to bring a lawsuit against a hedge fund in Florida for allegedly aiding in concealing assets worth over USD 500 million belonging to Byju's parent company. This bankruptcy will provide the facilitation for lending entities to provide capital to Byju's Alpha, supporting its ongoing legal endeavours. If Byju's Alpha turns out to be successful in these legal proceedings, the financing parties have the potential to claim the cash.</p>
 
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Byju's Alpha files for bankruptcy amid debt default and legal battles

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 <p>Byju Raveendran, the founder of EdTech firm Byju's, has used his and his family's homes as collateral to obtain a USD 12 million loan. The funds are intended to meet the salary requirements of 15,000 employees of parent company Think &amp; Learn.</p>
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Byju’s founder takes home loan to pay salaries

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 <p>Anil Goel, CTO of Byju’s, is set to leave the company amid a broader restructuring effort focused on cost reduction and business unification. Jiny Thattil has been named as his replacement.&nbsp;</p>
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Jiny Thattil appointed CTO of Bjyu’s following departure of Anil Goel

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 <p>Incuspaze, a co-working space in Gurugram, has reportedly asked Byju’s employees to vacate its office space due to non-payment of rent. The location was used by the company’s technology teams.&nbsp;</p>
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Co-working space vacates Byju’s employees to Gurugram Office Space due to non-payment of rent

The Indian online learning platform, Byju's, is being criticized for not making timely payments to laid-off employees. According to a poll conducted with 48 former employees, 40 of them have not received their payments, despite the company's promises.

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