CTO Departure Marks Latest Move in Byju’s Cost-Cutting Efforts
Anil Goel, the Chief Technology Officer (CTO) of Byju’s, is leaving the edtech giant, a move that comes as part of a broader restructuring at the company. According to sources, Goel informed some colleagues about his departure amid efforts to pare down costs and unify various businesses under one umbrella.
Replacement Named: Jiny Thattil Takes Helm as CTO
Jiny Thattil has been appointed as the new CTO of Byju’s, replacing Goel in the role. Thattil joined Byju’s in 2020 and spearheaded engineering at the startup before moving to another senior position at Epic, a company acquired by Byju’s earlier. Prior to joining Byju’s, Thattil had stints at Amazon, InMobi, and Happay.
Background on Anil Goel
Anil Goel was one of the highest-paid CTOs in the country, with sources indicating that he was earning significantly higher than his peers. The exact figures are not publicly disclosed. However, it is known that Goel had a successful tenure at Byju’s, driving technological innovation and growth within the company.
Restructuring Efforts Continue
Byju’s has been undergoing significant restructuring in recent quarters as part of its efforts to reach break-even next year. This includes eliminating thousands of jobs and clubbing various businesses together to enhance efficiency and sustainability. The departure of Goel, along with Byju’s CFO, marks a critical phase in the company’s cost-cutting measures.
Quotes from Senior Management
Arjun Mohan, CEO of Byju’s India business, expressed gratitude for Goel’s services and dedication to driving technological innovation within the company:
"We would also like to extend our heartfelt gratitude to Anil Goel, the outgoing CTO, for his exemplary work and dedication to driving technological innovation at Byju’s."
About Jiny Thattil
Jiny Thattil has a rich experience in technology and leadership roles. Before joining Byju’s, he had stints at prominent companies such as Amazon, InMobi, and Happay.
Background on Byju’s Restructuring Efforts
Byju’s has been undergoing significant restructuring efforts in recent quarters to reach break-even next year. This includes eliminating thousands of jobs and clubbing various businesses together to enhance efficiency and sustainability.
Conclusion
The departure of Anil Goel as CTO marks a critical phase in Byju’s cost-cutting measures, aimed at reaching break-even next year. With Jiny Thattil taking the helm as the new CTO, Byju’s is expected to continue its restructuring efforts, aiming for greater efficiency and sustainability.
Related Stories
- Byju’s Restructuring Efforts Continue: Thousands of Jobs Cut Amid Cost-Cutting Measures
- Byju’s CFO Quits Amid Broader Restructuring at Edtech Giant
About the Author
Manish Singh is a senior reporter at TechCrunch, covering India’s startup scene and venture capital investments. He also reports on global tech firms’ India play.
Contact Information
Email: manish@techcrunch.com
Follow Manish Singh on Twitter: @refsrc
