Edtech giant Byju’s is set to lay off approximately 4,000 employees as part of a restructuring drive led by its new CEO, Arjun Mohan. This move follows earlier rounds of layoffs affecting 3,500 employees in the past year, with a primary focus on roles in sales and marketing. Byju’s aims to streamline operations, reduce costs, and improve cash flow management amidst ongoing financial difficulties, including legal disputes, issues with term loan B lenders, and delays in filing FY22 results. To address its financial obligations, Byju’s plans to repay its $1.2 billion term loan B in the next six months through the sale of subsidiaries Great Learning and Epic, acquired in 2021.