Ed-Tech is so back, milking the most out of early talent!

I'm unable to understand what sort of entitlement does the leadership hold to ask their employees to work their ass off without any compensation for their efforts. Like literally bro just said that it's a 7 day work week for the next quarter and fuck your personal life and doesn't even bother to highlight that there would be any gratification for the same. The mid-senior leadership just acts as pawns and complies with this and in case you highlight this shit show you're fired.

I'm surprised to see on the comment section that people actually support this load of crap. To any newbies or freshers entering tech this year, don't follow this advice. These CEOs exploit your time to gain revenue and when the time is not good they wouldn't think twice before considering layoffs. Just do your job and go home to your life and family. This advice only applies to entrepreneurs who have huge stakes in the company. Because if the company do well they get millions in returns as dividends. As an employee, even if you work for 25 hours you only get the same salary. Don't follow any so called self procalimed entrepreneurs advocating for the hustle culture. You hustle for your life, not for your boss or your job.

A lot of people at Unacademy have already resigned, and they are unable to hire replacements from the market( for who knows what reasons). Now as we all know people who are left in the organisation are going to have a tough time. Leaves not being approved, longer hours at work, mental harassment in the name of being available 24*7 is becoming a day to day thing. Now they are forcing people to take up sections of business one has never dealt with and are threatening to fire them if they are denying those roles. People who left the organisation in 2022 are the luckiest and well a bunch of well informed individuals who saw the end of this company before anyone else could have. What a time to be in edtech, indeed

Graphy has forced a 30% salary cut on each employee to achieve profitability this year. This cut will be applicable from February onwards until 7-8 months. Truly a sad time for the Edtech ecosystem.

After Narayan Murthy, bhavish Agarwal, sajjan Jindal , Mohandas pai...next joker to fling his hat is Mr. Entrepreneur no. 1 He is saying that if we work 💯 h then we can become a developed nation soon. I think they should read Union budget, how government spends and it's mostly on subsidy, freebies and repayment of interest. Basically, if we slog also then 30-40% of amount will go out as tax and that tax will be spent on useless stuff. PS - 💯 h working janta will not get any concession in education, health, tourism etc. Peace out ✌️ Now you can type ur rant after 5pm.

Edtech layoffs still continuing? Teams were asked to strictly work from home for today because of plumbing work going on in the office. Roughly 300 people were laid off in a townhall hosted by the founders.

LeapScholar who has raised a lot of funds in last 2 years, wanted to raise new round at 2.5B but the investors rejected the valuation as the revenue numbers are very less (Just 40- 50M). Funny part is that they told all the employees and everyone that they have already raised this funding, just have to do the Pr for it. No wonder, entire mid-management team at Leap has left and the upper management people left are so sub-par (look at their CoS(s)). Don’t even get me started on their founder.

I work as a Product manager at a series A well funded startup. This company is run by a solo founder/CEO. This is a wannabe tech and product startup that does not care about their product at all. The internal review meetings get 5 minutes on product and 55 minutes on business and operations on a good day! All they care about is how to run operations and tech just works on automation instead of building the product for the end user. Every OKR cycle runs for two months where OKRs are set for product but we end up building internal tools because things get "re-prioritised" and operations "can not miss targets". The worst part is that the strategy changes every 2 months and every week, the CEO keeps adding new "wants". Almost like a baby seeing shiny new toys. At this stage, the product has become a mess with no identity at all! This baby always says "But is that even do-able" acts critical and tries to seem smart in front of their employees while lying to the investors and board every other week that we are a tech and product company. I don't know if this happens at other startups in India. Would love to hear what y'all have experienced.

Unacademy will be laying off 30% of its workforce this week. The list of people who will be laid off has been finalised and received signoff from Gaurav & Roman. Sad State of Affairs.

Posted in r/developers