Another round of layoffs in Unacademy

So again Unacademy has asked people to leave, and asked them to resign. Leadership is so clueless about what they are doing, they fired 3-4 people whom they had hired a month ago. Imagine the situation 😂 And I don't see this stopping at Unacademy anytime soon They are aching left, right and centre. Still some people are making advt videos with Sachin. And the nalla has time to tweet and enjoy vacation, I pity the investors who funded them.

Unacademy to slash 25% of the workforce in another round of layoffs scheduled for the first week of January. The affected employees will not be paid severance pay because the company is struggling badly with the cash. 2024 is setting a sad start for the Edtech ecosystem .

More than 600+ people have been laid off silently at Unacademy. This round is going to continue till 30th June. The mental harassment and pressure is off the charts. And the irony is that they are still hiring people from the outside while laying off current employees.

Any Goss on the financial health of Edtech firms like LEAD, Unacademy? I hear there's one more round of layoffs coming.

Rumours are floating that Unacademy is getting sold by one of its main investors to another Edtech company in their portfolio for just 400 Million dollars, their last round valuation was 3.5 Billion dollars But founder Gaurav Munjal said they have 200 Million in the bank. Getting confused - Is this a repeat of Byju 2.0? They have fired the CTO and co-founder Hemesh Singh and Roman Saini ( other co-founder) is also not seen anywhere I am worried if more people are to be laid off?

Just got to know internally that Unacademy is planning another round of silent layoffs in October. No severance will be paid. Or any benefits.

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.