Very bad for the employees when inflation is around 10%

UX/UI Designer

Software Engineer

u still have job, be grateful for it 😂

Technical Lead

Unacademy to not do cash appraisals in 2023, will instead compensate with stock options

No Appraisals at Unacademy in 2023

Growth Manager

No Appraisals at Unacademy in 2023- Grapevine

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No Appraisals at Unacademy

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Unacademy giving stocks options rather than giving Appraisals

Business Associate

What has been the current appraisal in companies this cycle? Respond with company name, your level, and percent cash hike.

Appraisal cycle

Welcome to Indian Startups's Private Community

Are appraisals happening in startups this year ? What is the approx % of increment all of you have seen ?

Appraisals in 2024 ?

Analyst

Fair valuation of Unacademy

Business Development Manager

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

Check out this for more context: https://themorningcontext.com/internet/unacademy-is-up-for-sale-merger-or-bailout

Unacademy is up for sale!

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?

Unacademy in bad shape

Program Manager

It's like going back to COVID days. We got email that due to current situation there will not be any increment this year. What about your company? How is the situation?

No increment this year in company

Project Manager

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.

30% Salary Cuts at Unacademy

I repeat: 
  
 If you have options, avoid joining EdTech companies. 
  
 If you're already working for one, exit at first opportunity. 
  
 Indian EdTech companies are largely sweat shops in fancy office buildings.

Growth And Strategy

Unacademy is going down the hill🔻

A merger with Aakash would have given Unacademy a shot at making a go of it in offline coaching. Without it, Munjal’s task of keeping his company afloat is that much harder.

Byju’s is in no rush to save Gaurav Munjal’s Unacademy - The Morning Context

Journalist writing clickbait articles

One of my friends was working with Unacademy, & contributed well in Business/Revenue - first got into a bad culture and decided to exit. 

Joined another company and got back to back notices from the last org and also a notice on Cancellation of vested ESOPs. Kat gaya bhai ka! 

Stay aware guys :)

Stay away from ESOPs tuchiyapa :)

Unacademy - first cash flow positive month since inception

Brand Marketing Manager

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

Situation with Edtech firms.

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 .

Unacademy Fresh Layoffs ❌

They are now just making up criteria to screw with your appraisals

Business Analyst

Discord Layoff 17%

I don't understand, the sector that makes sureshot money on small and medium scale is continuously failing on pan India scale.

A small IIT coaching in Patna with 2 centres generates profit in crores but these Byjus and Unacademy are not really able to do anything significant in long run.

No Appraisals at Unacademy in 2023

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