New Delhi, March 22 (IANS) Embattled edtech company Byju’s on Friday said that its tuition centres have entered the third successful year with 262 offline locations currently operational across the country.
Denying reports that 200 of its tuition centres are to be shut down as part of the latest cost-cutting move, the company said that there is no such reduction planned.
As the company strives for operational efficiency, “it has identified opportunities for improvement for a small percentage of tuition centres, which will undergo strategic restructuring to align with BYJU’S long-term vision,” a company spokesperson said in a statement.
“Nearly all Byju’s tuition centres continue to serve students successfully across India, gearing up to set new benchmarks in hybrid learning, which brings together the best of offline and online learning,” the spokesperson said.
“Ninety per cent of tuition centres — 262 out of 292 — will continue to function in this novel hybrid model, integrating the best and the latest technology in the coming years,” the spokesperson added.
Last week, Byju’s mandated all its employees to work from home as it gave up office spaces across the country amid several cash crunch.
The company is giving up office spaces as the leases expired, keeping only its Bengaluru-based headquarters.
The company is also yet to disburse full salaries for thousands of employees for the month of February as its funds remain stuck amid an ongoing NCLT case with some key investors.
–IANS
na/svn
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
