Byjus: Byju vacated its two offices in Bangalore, reports claim – decision taken to reduce expenses.

Edtech company Byju’s has vacated its largest office in Bengaluru to cut costs and increase liquidity amid funding delays. Byju’s has three offices in Bangalore. The office at Kalyani Tech Park, spread over an area of ​​5.58 lakh square feet, has been vacated. Media reports said that the beleaguered edtech has also given up a part of another office located in Prestige Tech Park.

The company vacated two of the nine floors of the office at Prestige Tech Park

The company has vacated two of the nine floors of the building. The company has reportedly asked employees to work from their homes or from their other campuses from July 23. Byju’s has over 3 lakh sq ft of rented space across the country to meet its needs. Expansion and reduction in office space is based on changes in working policies and business priorities, which are very regular and aimed at promoting operational efficiency.