BYJU'S, the beleaguered edtech business, has promoted Jiny Thattil to Chief Technology Officer, succeeding Anil Goel, who is leaving the company. Thattil, who was previously the Senior Vice President of Engineering, will now lead the organization's technology ambitions as it goes through a business transformation. Thattil has previously collaborated with Happay, Amazon, and InMobi. The company claimed in a statement that Thattil has "extensive experience in building and scaling engineering teams, delivering business and customer outcomes, and driving innovation across multiple product lines and platforms.
"We are delighted to appoint Jiny Thattil as BYJU's CTO." His considerable experience and leadership abilities make him an outstanding choice for this critical post as we restructure for improved efficiency and sustainability. We would also like to thank Anil Goel, the outgoing CTO, for his outstanding work and devotion to fostering technological innovation at BYJU'S," Arjun Mohan, BYJU's India CEO, stated. According to the corporation, this shift is part of the continuing restructuring under Mohan's leadership.
Several high-ranking executives have recently resigned as a result of the corporate restructuring, including Chief Corporate Officer Prathyusha Agarwal, WhiteHat Jr's CEO Ananya Tripathi, and Cherian Thomas, the head of international business. Recently, Chief Financial Officer Ajay Goel left the edtech company, and Nitin Golani, President - Finance, took on additional responsibilities as India CFO.
As part of the restructuring, Mohan, who was appointed India CEO in mid-September to replace Mrinal Mohit, is leading a payroll and non-payroll cost reduction. Mohan, an IIM Kozhikode alumni, was a founding member of Byju's and previously served as its Chief Business Officer until joining upGrad as CEO in 2020.
He is currently combining the company's different business units into two lines of business: K12 and test prep. All sales and marketing functions are locally assigned, with one sales head in charge of all functions. Within the regions, the corporation is now drawing a clear divide between inside sales and offline sales - or BYJU's tutoring centers (BTCs). As a result, the company has closed about 20 locations and condensed the workforce into just five regional offices, while centralizing all finance operations under the CFO.
The consolidation has resulted in the elimination of multiple overlapping functions, resulting in an additional 3,500 people leaving the organization. The corporation had over 24,000 employees in May, down from over 58,000 in March 2022, and the continuous employment cuts are likely to decrease the total to almost 20,000.