Byju’s announces return to office for employees – Industry Update

Financially troubled edtech major, Byju’s, is making a significant shift in its work-from-home strategy by asking a section of employees to return to the office. This move comes amidst a challenging period for the company, which has been facing financial difficulties and a high level of employee turnover.

According to sources, teams related to content and academic operations at Byju’s have been instructed to report to the office in Bengaluru starting from May 16. This decision marks a potential re-evaluation of the remote work policy that was implemented under former India CEO Arjun Mohan, who resigned in April.

Employees have been asked to provide feedback on their willingness to return to the office through a Google Form, with many expressing their preference for later dates due to the short notice. Managers are expected to hold one-on-one discussions with each employee based on their responses.

The company’s sales staff, who recently transitioned to a revenue-linked payout model, have reportedly struggled to meet targets under the new policy. Additionally, Byju’s has reduced pricing for its educational offerings by up to 30%, indicating the financial challenges it is currently facing.

Byju’s had previously downsized its office spaces as part of a restructuring plan aimed at cutting costs and improving efficiency. The company’s headquarters in Bengaluru and a few tuition centers remain operational amidst the ongoing changes.

As Byju’s navigates through these challenges, the decision to bring employees back to the office reflects a broader effort to address financial pressures and stabilize the organization in a rapidly evolving edtech landscape.