Yes. December 20th is his last working day

Program Manager

Senior Manager

Software Engineer

Yes, the news is right. Though in the long run (if they survive) his exit will be good for the company- however in the short run, they will have issues

Official news is now out in the media about this.  
  
 Next news will be about IAS Co-founder and CBO

@JackDawson any news if there will be layoffs in BG as well? In nov?

Founder

Growth Manager

Unacademy CFO & IAS cofounder has stepped down after a massive pressure from the board.

Welcome to Indian Startups's Private Community

Just in : Unacademy CFO & IAS Co-founder steps down

Just in : Unacademy CFO & IAS Co-founder steps down- Grapevine

There has been internal new circulation going on that the IAS Co-founder at Unacademy is finally leaving the organisation.

He already sold his stakes in the company worth 700Cr last year and was sticking around because of the face value

However with a failure to raise capital and grow revenue, Investors have asked roman to exit.

Unacademy is truly going deep shit.

Unacademy co-founder exits 🤦💩

Welcome to Office Gossip's Private Community

Unacademy CFO Subbu has resigned. Shit doesn't seems to stopping any soon for Unacademy.

How many more folks from senior leadership will have to resign before investors throw  Mr Munjal out of the company?

Unacademy CFO Resigns

RS is in San Francisco with GM. In a meeting with Softbank and PeakXV leadership, RS has officially submitted his resignation to the board of directors.

He holds 3.5% equity at Unacademy. He will apparently be getting an exit of around ~800 Crores. 

Formal transition has already begun and his BU's are being shut or merged. 

- CG : Shut 
- Graphy + GraphyX : To be merged next week

Breaking : Unacademy IAS Cofounder Submits his resignation

I was in a conversation with a VC and the news is RS from Unacademy has been given an exit via secondary share sale and Sumit Jain has been replaced as a partner. 

RS will be taking an exit by the end of this year. This is confirmed news and 2 VC firms have vetted if.

Unacademy IAS Cofounder's Exit

Unacademy's COO has stepped down from his position today and will serve a notice period for the next 3 months. 


Adding to this, Top Educators and directors have resigned too. These are from test prep categories.

This seems like a massive call fallout of the company.

Unacademy in deep shit 💩

After a confirmed research, following resignations are happening at Unacademy, resulting in a massive instability in the organisation

1. CHRO
2. COO
3. CTO
4. VP IT & ADMIN
5. CBO ( JM)
6. HEAD OF OFFLINE CENTERS
7. GENERAL COUNSEL
8. IAS COFOUNDER


Adding to this, following BU's have been shut

1. Content Growth
2. Coheshve 
3. Next Level

TRULY SAD TO SEE THE HOUSE OF CARDS FALLING DOWN.

Series of resignations at Unacademy 👾

The new policies introduced by CFO Subramaniam in last 6 months have dented company's revenue massively.

His decisions will show results in long term, but in short term they are incurring losses. In the last investor meeting held with peak xv and softbank, this is the question investors were putting-
1. Why the personal distribution policy of educators was implemented without concrete plan in place?
2. Why growth declined in some of the most profit making businesses?
3. Why were educators being paid heavily without including S&M cost and Tech cost to their revenue?
4. Why suddenly there was a mass dropout of existing educators who were helping in driving revenue?

Good or for Bad, investors feel that decisions lacked ownership and growth intent.

Peak xv and softbank decided to replace CFO with their internal finance consultant, likely Jai Decosta.

What is your take on the decision?

Why was unacademy CFO fired?

Consultant

Unacademy elevated Jagnoor as (COO) of its offline centres business in January this year. However due to tiff with GM, he has decided to part ways with Unacademy.

Unacademy is nearing its death with every leadership exit.

Just in : Unacademy's COO for offline biz steps down

Purri came with 25 years of experience in leadership roles across diverse industries and geographies. She was hired last year but due to misalignment with Unacademy cofounders, she has decided to leave the sinking ship.

Just in : Unacademy's Chief People Officer steps down.

Unacademy HR Head steps down after a 5 year stint. Today was her last day. There are too many stories around her abrupt exit from the organisation﻿.

Next in line : COO, VP Engineering, CBO

Just in : Unacademy CFO & IAS Co-founder steps down

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