Just In : Byjus India CEO Arjun Mohan Steps down
Qwerty2398
Stealth
5 months ago
When the car is broken, changing drivers wont move it.
All i read in that headline is " Unable to handle the shitty car, driver abandons the vehicle, owner goes to pick it up".
EarthDragon
Stealth
5 months ago
Absolutely correct @Qwerty2398 B.I.N.G.O
Genuinely curious
What's the latest at Byju's? How many employees are still around?
I keep hearing they are unable to pay salary
Joined from Upgrad and left within a year...
They wanted someone to be blamed for the dark times ig
Funny story: Arjun Mohan was CBO at Byju's before joining upGrad.
And he is primarily the person responsible for the aggressive sales tactics. Leading to inhouse toxicity among employees.
Investors brought him onboard to push the sales somehow by sucking blood of employees.
That's a lesson to be learnt when you want to become ceo and you ain't get opportunities in good companies you can vouch for companies in trouble ( financially, management wise etc) you have a higher chances of getting offer letter as a ceo , try to revamp the company by acquisitions, mergers so that board gets the feeling you are doing something and still if you companies are not doing well just keep trying outside now you have a good chance of getting offer letter from good companies as cxo ...is there a glitch my thinking process please correct me if I am wrong ? 🤔🤔🤔
Yes, being a startup founder myself before joining Oracle your thinking is incorrect although the approach is good though.
Any CEO level profile is based on the success of a previous C-level profile. A CEO of a failed company will never be offered a CEO level position of another company because failure at that level damages one's reputation very badly in the market for many years. It's really difficult to make a turnaround from this.
Yeah, there is nothing like it if a C-level executive is able to turnaround the whole situation making the company into a success story but the chances are way too low. Also the level of stress is not worth it. Most CEOs die young because of stress and age quickly looking older than they really are. It's simply not worth the effort.
Agree with what you said but may be very good companies need excellent performance records but some middle tier companies might accept it. One can always tell a story matching with balance sheets why they don't want to continue with the old organisation or some personal problem? Agree with you that good companies would need a proven track record.
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Really don't care about Byju's losing investor money, but I hope the leaders face some consequence for their evil sales practices
Wanderer
Stealth
5 months ago
Well he didn’t do anything amazing at upgrad either, where he was called India CEO because probably he wanted a growth in title but he was just a sales guy. Edtech is primarily driven by aggressive sales teams built by people like him.
Join as a CEO at hefty packages. Drive an army of CXOs and managers to work. Pay peanuts to executives.
Quit when the going gets tough :D
Now I am just waiting to see the news that Byjus is shutting shop. This will save pain for a lot of ex-employees and parents who were looted
so is Raveendran returning to India to run this or going to continue from Dubai?
StartupBaba
Stealth
5 months ago
He wanted to be the Akash CEO and played politics for that. Since someone else was hired, he is leaving Byjus ,😁
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