Noticed that a bunch of people left the company. Even their CTO Swanand pagnis is on a sabbatical

Welcome to Software Engineers's Private Community

Layoffs at Colearn [ Indonesian edtech startup]

Software Engineer

Layoffs at Colearn [ Indonesian edtech startup]- Grapevine

Edtech startup Adda247 has fired around 250-300 employees across verticals, sources aware of the development told Entrackr.

Exclusive: Edtech startup Adda247 fires 300 employees

Layoff at Adda247

Lawyer

From Silent layoff, Simplilearn gonna do layoff openly in coming weeks

SimpliLearn

Business Development Manager

Welcome to Indian Startups's Private Community

I heard from someone in the industry that Stoa laid off most of the people and only 7 of them are still there, including 4 of their co founders. The Main reason was that they were not able to provide placements to the members and their experience had turn to shit . What is happening with ed tech , also the sauce is that now they are pivoting into self paced courses following the coursera model. Alternative MBA nahi chal payega India .

Stoa laid off 90 percent of their workforce

MBA (any course for that matter) is a “means-to-an-end” to a good job. If no job no demand of that course . Maybe they weren’t able to screen good candidates. As good candidates go to top B schools. The avg guys didn’t get job as expected and then revolted .  
 Many edtechs tried this model of taking avg students and promising jobs but jobs are hard to come by even for good candidates. Hence their models fails.     
 If education in India has to be improved it has to start at the school education.

Founder

According to my pals who work there, Vedantu has laid off some teachers and the design team. However, the number of people is yet unclear. 

#Vedantu

Layoff in Vedantu

Systems Architect

PREVIOUS POST GOT DELETED!


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 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?

More information in comments sourced via a friend

Unacademy getting acquired?

Journalist

There are multiple VPs and Directors leaving in parallel. Is this a mass exodus of senior leadership any indication of the state of the company?

Dale Vaz, Swiggy CTO has resigned

One of my batchmates got laid off . Wasn’t expecting this. I thought they were doing well

Layoffs at pinelabs

Product Designer

Bengaluru-based edtech startup Scaler has laid off around 150 employees, or around 10% of its workforce. Here is source

Scaler layoffs: As per the company, it currently has a workforce of around 1,500 employees.

Scaler lays off 150 employees to reduce redundancy in roles: Report

Tech Lead

have layoffs really happened at Simplilearn??

Simplilearn layoffs

Analyst

Can someone share what's going on inside unacademy. What new products are they launching. How good is the traction and runway

Unacademy

What’s happening at Swiggy?
Which teams are being laid off and how is the process being handled?

Hope not the way Sharechat did.

Swiggy Layoffs

Product Manager

Welcome to Office Gossip's Private Community

Layoffs:

Global
- Stripe 14%
- Opendoor 18%
- Twitter 50%
- Delivery hero 
- Chime 12%

India
- Udaan (tranches)
- Chargebee 10%
- Byjus 5%

Hiring freeze:
- Apple
- Amazon

Mega Thread- All tech layoffs so far

Got this information from my friends who are currently working at Leap and some who got affected. Surprisingly this has been kept very silent from everyone.

LeapScholar has laid off 5-7% across tech, product & others.   Leap is a Series D Sequioa backed startup who recently raised 75M$ last July.

Growth Manager

Fresh round of layoffs in Unacademy and 250 people have been let go. 

Kept waffling about he’s going to revolutionize the Edutech space and how they’re different from Byju’s. They’re all the same.

Another round of layoffs in Unacademy

Product Owner

A company called loop health started allowing remote work and hiring in early 2022 soon after receiving $25 million dollars investment. 
Founders are a great pair in the initial but as soon after investment of series A , difference broke out and one of the co-founders left the company in the name of sabbatical from backdoor out. He was visionary and had great product sense which the CEO got jealous of and stopped him at all the cost of investors recognising him. Anyway now the real unhealthy thing is not this story but due to this product the scope got messed up and customers started complaining and renewals badly hit to 60-80%. The competitor got them easily , one of the sales people said on call at a loop that loop company customers are easy to catch for competitors.
Now the real story is, the CEO wanted only the Pune office to survive and all remote employees to leave so he did a little magic ✨. Instead of laying off people, strategically not compensating anyone started layoff from the beginning of the 2023 this year by asking each outsider to resign and leave. The strategy was simple, 
Find weakness and make them accept simple mistakes as well and ask them to resign. At the same time, hire contractors at Pune to join and work. If any employee is strong or doesn't want to leave then make them contract employees and expect work in the same way.
This is not at all acceptable and the CEO is not alone on this. CEO, CTO , CPO involved plan. 
The problem with this approach is unfair practices, if someone makes a mistake they won't give any PIP plan. They just fire them in easy  ways to resign. CEO proudly says he wants great tennis 🎾 team but infact ceo is just a ball boy.

Loop is unhealthy!

Data engineer

Today, Cuemath laid off approximately 50 employees from its Product and Tech teams.

Cuemath layoff

Test Engineer

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.

Scaler lays off 20-25% of their workforce

How will they tell people that their courses will help get a job in a product company now?

Recruiter

Software Developer

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.

Layoffs at Unacademy

Human Resources

Almost 90% of the employees (appx 130) have been laid off with the remaining being absorbed by Affinidi India. Both of them are Temasek funded in-house ventures.

Layoffs at Colearn [ Indonesian edtech startup]

Discover More

Layoffs on

by Isaiah Denver

Stealth

Layoff at Adda247

Layoffs on

by Coy Lee

Stealth

SimpliLearn

Indian Startups on

by Matilda Olive

Stealth

Stoa laid off 90 percent of their workforce

Layoffs on

by Jordon Carmden

Newfold digital

Layoff in Vedantu

Indian Startups on

by Coy Denver

Journalist

Unacademy getting acquired?

Indian Startups on

by Jordon Everett

Swiggy

Dale Vaz, Swiggy CTO has resigned

Layoffs on

by Aaron Taye

Stealth

Layoffs at pinelabs

Indian Startups on

by Coy Olive

Pillow Fund

Scaler lays off 150 employees to reduce redundancy in roles: Report

Layoffs on

by Jordon Hyrum

Stealth

Simplilearn layoffs

Indian Startups on

by Anise Everett

Stealth

Unacademy

Layoffs on

by Jordon Lee

Stealth

Swiggy Layoffs

Office Gossip on

by Matilda Lee

InMobi

Mega Thread- All tech layoffs so far

Layoffs on

by Matilda Everett

Stealth

LeapScholar has laid off 5-7% across tech, product & others. Leap is a Series D Sequioa backed startup who recently raised 75M$ last July.

Layoffs on

by Anise Carmden

Stealth

Another round of layoffs in Unacademy

Layoffs on

by Kendall Everett

Amazon

Loop is unhealthy!

Indian Startups on

by Jordon Gabriel

Groww

Cuemath layoff

Layoffs on

by Isaiah Carmden

Stealth

Scaler lays off 20-25% of their workforce

Layoffs on

by Isaiah Denver

Unacademy

Layoffs at Unacademy

Layoffs on

by Kendall Dean

Stealth

Layoffs at Goodworker!!!