Beleaguered coding platform WhiteHat Jr has seen an exodus of top HR executives in recent days, including Ashutosh Singh, Director HR Business Partner (HRBP) and HR leader for international markets, reliable sources said on Thursday.
Sources told IANS that Singh's high-profile departure comes after Gaurav Timble, Director HR, and Nimi Rastogi, Global Head -- Talent Acquisition at WhiteHat Jr have also moved on, as BYJU's is set to soon wind up the coding platform for kids, which it acquired for $300 million, as part of restructuring and cost-cutting measures.
All the top HR executives at WhiteHat Jr reported to Pravin Prakash, Chief People Officer at BYJU's.
People close to the development earlier told IANS that the top BYJU's management was in a huddle and meetings were on to appraise the WhiteHat Jr employees about the situation in the next few days.
WhiteHat Jr, which at its peak had more than 8,000 employees across the country, now has around 1,300-14,00 employees left at its offices in Delhi, Mumbai and Bengaluru.
The discussions at the very top at BYJU's have happened to shut down the WhiteHat Jr brand which has faced severe criticism in the past.
BYJU's, however, had said in a statement it has no plans of shutting WhiteHat Jr down.
"We are merely optimising it for organic and efficient growth. We remain fully committed to delivering world-class educational experiences and solutions that empower students to achieve their full potential," the company spokesperson had said.
The company said that it is constantly evaluating and optimising its business operations towards global growth.
"As an ongoing activity, we are actively evaluating all our business units to ensure that they are aligned with our path to profitability," BYJU's said.
BYJU's acquired WhiteHat Jr in July 2020 for nearly $300 million. It reported a massive Rs 1,690 crore loss in the financial year 2021, while its expenses reached Rs 2,175 crore in FY21 -- compared to Rs 69.7 crore in FY20.
In the April-May period last year, over 1,000 of its employees, including teachers which are on contractual basis, and hence not full-time employees, resigned. Later, more WhiteHat Jr employees either moved on their own or were asked to go.
WhiteHat Jr shut its schools division that targeted to take its flagship coding curriculum to 10 lakh school students by the next academic year.
IBM partners Sarvam to strengthen India's sovereign AI ecosystem
IBM and homegrown AI startup Sarvam have partnered to accelerate the development and adoption of sovereign artificial intelligence (AI) technologies in India, with a focus on government agencies, public sector organisations and regulated enterprises, according to a statement on Friday.
Sensex climbs 274 pts, Nifty ends above 24,300 as auto stocks lend support
Indian equity benchmarks closed with modest gains on Thursday after a subdued trading session, as investors remained watchful of the evolving geopolitical situation in West Asia.
Markets extend losing streak to 5th day; Sensex sheds 332 points, Nifty slips below 23,800
Indian equity benchmarks extended their losing streak to a fifth consecutive session on Friday, marking their longest stretch of declines since the first week of January, as investors remained cautious amid concerns over the inflation and growth outlook in the backdrop of elevated crude oil prices.
Gold, silver prices jump as safe-haven demand rises amid Middle East tensions
Gold and silver prices traded higher on Tuesday, tracking gains in global bullion markets as easing crude oil prices and persistent geopolitical tensions in the Middle East boosted demand for safe-haven assets.
Govt likely to send notice to WhatsApp over upcoming controversial username feature
Alarmed at a possible misuse of an upcoming global username feature by Meta's WhatsApp, the government is considering issuing a notice to the Mark Zuckerberg-run social media giant.
Sensex, Nifty end higher as FMCG, banking and realty stocks lift benchmark indices
Indian equity benchmark indices ended higher on Wednesday, supported by strong buying in FMCG, banking, financial and realty stocks.
Adani Green Energy India’s 1st renewable firm to surpass 20 GW operational capacity
Adani Green Energy Limited (AGEL) on Wednesday announced it has surpassed 20 gigawatts (GW) of operational renewable energy capacity, becoming the first renewable energy company in India to achieve the milestone predominantly through greenfield development.
UPI clocks 23 pc growth in June, transactions hit 22.72 billion
The Unified Payments Interface (UPI) transaction volumes rose 23 per cent (year-on-year) to 22.72 billion in June, while UPI transaction value surged 20 per cent to Rs 28.92 lakh crore last month, according to data released by the National Payments Corporation of India (NPCI) on Wednesday.