Byju’s, currently undergoing significant business restructuring, aims to address financial stability concerns amidst challenges such as the collapse of term loan B and high cash burn
Embattled edtech giant Byju’s has announced the appointment of Jiny Thattil as its new Chief Technology Officer (CTO), replacing outgoing executive Anil Goel. The decision comes as Byju’s navigates a period of strategic restructuring to address financial challenges.
Thattil, who previously served as the senior vice president of Engineering at Epic, an acquired business of Byju’s, is noted for successfully delivering large-scale consumer products for the company's global markets.
The edtech in its internal communication said that Thattil has played a key role in leading sizable and geo-distributed engineering teams through various growth stages and transformations. His contribution extended to the post-acquisition integration of several subsidiaries within Byju’s portfolio. The statement also highlighted Thattil’s extensive multi-product and multi-geography experience, emphasizing his demonstrated leadership skills as crucial for the evolving needs of the role.
The departure of Anil Goel, the former CTO of Oyo, coincides with Byju’s ongoing efforts to enhance operational efficiency and rebuild sustainability. Byju’s, currently undergoing significant business restructuring, aims to address financial stability concerns amidst challenges such as the collapse of term loan B and high cash burn. The company did not immediately respond to requests for comments on these developments.
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