The company has vacated two of the nine floors it had in the building. The company has reportedly asked the employees to work out of its other premises or from their homes from July 23.
Over the weekend, Moneycontrol visited Kalyani Tech Park and the two remaining offices of Byju’s IBC Knowledge Park, Bannerghatta and Prestige Tech Park, Kadabeesanahalli, to confirm the development.
Edtech giant BYJU'S is reportedly taking measures to reduce costs and boost liquidity as it faces a delay in funding. The company has vacated its largest office space, the Kalyani Tech Park, spread across 5.58 lakh square feet in Bengaluru. Additionally, BYJU'S has given up a portion of another office space in Prestige Tech Park. Employees have been asked to work from other premises or from home since July 23., Bengaluru News, Times Now
India s ed-tech company Byju s is leaving its largest office space in Bengaluru and relinquishing part of another office space to reduce expenses and strengthen its financial position after a funding delay.