BYJU's will be laying off nearly 4,500 staffers to cut costs, media networks have reported.
The decision follows Arjun Mohan’s appointment as the new CEO.
As per reports, Mohan plans to merge business verticals of the company and the changes will be announced soon.
Both permanent and contractual employees could be asked to go, the reports said.
This June, the ed-tech company laid off 1,000 employees citing measures to improve finances and increase profitability.
