BYJU’S To Shut Nearly 120 Tuition Centres

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BYJU’S to Shut 120 Tuition Centres

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Lease Terminations Across Major Cities

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Financial Woes and Legal Disputes Intensify

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Offline Tuition Model Fails to Deliver

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Unpaid Employees Face Uncertainty

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Exclusive: BYJU’S To Shut Nearly 120 Tuition Centres

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BYJU’S To Shut Nearly 120 Tuition Centres

BYJU’S to Shut 120 Tuition Centres

BYJU’S plans to close 120 out of 250 tuition centres, aiming to cut costs amidst a cash crunch and ongoing legal issues.

Lease Terminations Across Major Cities

Lease termination notices have been sent to centres in cities like Mohali, Lucknow, and Indore, with most closures expected by August 31.

Financial Woes and Legal Disputes Intensify

The closures come after missed rent and utility payments. Legal disputes with US lenders have worsened BYJU’S financial situation.

Offline Tuition Model Fails to Deliver

BYJU'S offline tuition strategy has failed, with high costs and teacher turnover making the business model unsustainable.

Unpaid Employees Face Uncertainty

Employees face unpaid salaries for months, with many still waiting for dues as BYJU’S struggles with mounting debt.

Exclusive: BYJU’S To Shut Nearly 120 Tuition Centres