Comedy group AIB on Wednesday announced Gursimran Khamba will no longer be involved with the company and Tanmay Bhat will step down from the post of CEO.
Last year, Khamba and Bhat, the co-founders of the comedy quartet, distanced themselves from the comedy group, which is battling allegations of sexual harassment against its members.
While Bhat is under attack for his inaction in the complaints against writer-comedian Utsav Chakraborty, Khamba has been directly accused of sexual misconduct.
In a statement shared on its official Twitter account, the company also said the AIB YouTube channel is "dead for the foreseeable future".
AIB said there has been an Internal Committee and anti-harassment system in place from the start. But the culture at work may not have been perfect which needs to be improved, the statement added.
"To that end, we maintain that Tanmay Bhat's lapse of judgement regarding Utsav Chakraborty was egregious. As a result, even though, Tanmay Bhat's suspension has been lifted, he will no longer hold the position of CEO."
"... The lack of revenue inflows made it impossible for us, as owners, to sustain outgoing costs... But with no revenue and operational costs piling up, we had to make some hard, and unfortunately permanent decisions. We had to let our office space and entire team go overnight."