EdTech company Byju's plans to close 200 out of 300 offline tuition centres in India for cost-cutting.
EdTech company Byju's plans to shut down 200 out of its 300 offline tuition centres across India as part of a cost-cutting measure. The decision comes after the company closed 50 centres in February and mandated all employees to work from home. This move is aimed at reducing operational expenses amid a cash crunch. Byju's Tuition Centres, or BTCs, had been the primary growth engine for the company until early 2023.
March 21, 2024
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