Unacademy’s Loss Falls 40% FY2023

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.

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.

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.

This is followed by GM's recent post. The real test for unacademy after fall of byju's is about to begin. unacademy must immediately do the following- 1. Bet on Offline PAT of offline test prep giants in India- - Allen: 421 cr - Aakash: 328 cr - Narayana: 528 cr - Sri Chaitanya: 621 cr - FIITJEE: 58 cr If unacademy takes a big bet on offline, definitely they have a higher chance of reaching EBITDA positive by next FY 2. Stop paying Crores to online educators - Seriously paying 2cr to 8 cr salary doesn't make any sense. - The educators will work in 50-80 lakh salary easily. if not, let them walk away, unacademy has a bigger brand value than name of these educators. 3. Start an online centre for godsake - PW, learn and fun, Vedantu, Rahul IAS, drishti not only have offline but online centres as well. - So apart from wfh teacher model, build a online learning centre model and pay industry standard payout. 4. Become the APPLE not Blackberry You are a brand unacademy. Keep your standards above. 5. 🔥 GM. After Roman and Hemesh, GM should take an immediate exit. At this stage anyone is better but not GM. He abuses our directors and VPs and they thrash our ass.

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

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

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.

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?