BYJU’S To Restructure 30 Tuition Centres, Says 90% Will Continue To Run On Hybrid Model

BYJU’S To Restructure 30 Tuition Centres, Says 90% Will Continue To Run On Hybrid Model

SUMMARY

BYJU’S said its offline centres are entering their third year of operations and 90% of them (262 centres out of 292) would continue to function in a hybrid model

However, it said, the remaining will undergo a “strategic restructuring to align with BYJU’S long-term vision”

Earlier this month, it was reported that BYJU’S has given up all its office spaces in India, except its Bengaluru headquarter, in an attempt to cut costs

A day after reports said that beleaguered edtech major BYJU’S was planning to shut 200 out of its 300 offline tuition centres, the company said that about 90% of its centres would continue to operate in hybrid model while the remaining would be restructured.

“In light of few recent reports falsely suggesting the closure of many BYJU’S Tuition Centres (BTCs), BYJU’S firmly states that such an implication is entirely unfounded and misrepresents the company’s operational strategy,” BYJU’S said in a statement on Friday (March 22).

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