Uncademy the new Victim to BYJU’s

Hey all. My first post here. Can anyone tell me what the work culture is like at Unacademy and Upgrad. Currently in another ed-tech firm and looking for a shift.

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.

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?

A lot of noise inside unacademy around this news. Apparently Gaurav will move aside and let Mrinal Step in and take over as CEO role to help Unacademy grow. This has been confirmed by senior folks from the Unacademy CEO's office team. Edtech space is truly getting hot with each passing day. Official announcement later this week.

Unacademy elevated Jagnoor as (COO) of its offline centres business in January this year. However due to tiff with GM, he has decided to part ways with Unacademy. Unacademy is nearing its death with every leadership exit.

We all have heard about the toxic culture of Edtech. Unacademy is now in the top spot when it comes to companies with toxic culture. Any company cannot be more cruel than this: 1. Abusive language by leaders - COO, CBOs, SVP, VP and other leaders treat employees as slaves. They themselves have made huge lossess and are burning investors money but when any employee voice out their opinion/asks for leaves, the leaders abuse employees badly even in front of other stakeholders. 2. Forceful long working hours - Even if you complete your work in 8-9 hours, you are forced to sit for 11-12 hours just to show the founders. People hardly work after certain hours but they just have to sit and waste their time. This is tiring and there is no work life balance. No time to spend with family. I hardly get chance to spen time with child. 3. Late night reviews - So the company has started this new way of conducting monthly reviews late in the night. People are asked to sit till 2-3 AM for reviews. And this review is nothing but a setup where COO abuses the employees. 4. Forced paycuts - We have seen a forced paycut for the leaders (VP, SVP, Directors etc). 'No appraisal' was still somehow digestable but how can a company justify the degrowth in the earnings of their employees. Company has money to sponsor TVF web series (Sandeep Bhaiya), invite Standup comedians (Biswa and Prashasti), distribute pizzas to all the employees but when someone voices out for paycuts, they don't have money. 5. No Flexibility In Working The company witnessed its highest growth and revenue when 100% of the employees were working from home but now the founders think that people do not work from home so they have called everyone to work from office for 6 days a week. If someone asks for a work from home, the leaders denies or ask to apply leave to work from home. Be it rains, election, etc - we are asked to work from office. Even during the day of election in Karnataka we were called in the office.

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.

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