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FloatingPanda
FloatingPanda
Amazon

Why was unacademy CFO fired?

The new policies introduced by CFO Subramaniam in last 6 months have dented company's revenue massively.

His decisions will show results in long term, but in short term they are incurring losses. In the last investor meeting held with peak xv and softbank, this is the question investors were putting-

  1. Why the personal distribution policy of educators was implemented without concrete plan in place?
  2. Why growth declined in some of the most profit making businesses?
  3. Why were educators being paid heavily without including S&M cost and Tech cost to their revenue?
  4. Why suddenly there was a mass dropout of existing educators who were helping in driving revenue?

Good or for Bad, investors feel that decisions lacked ownership and growth intent.

Peak xv and softbank decided to replace CFO with their internal finance consultant, likely Jai Decosta.

What is your take on the decision?

13mo ago
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GigglyMochi
GigglyMochi
Unacademy13mo

Personal Distribution Policy for Educators was a decision taken by the CFO?

Is softbank so dumb that they dont see the stupidity of GM in whatever decisions that have been taken in last 1-2 years?

Unacademy was such a good startup, completely failed by Gaurav Munjal

PrancingKoala
PrancingKoala
Stealth13mo

I second that… CFO doesn’t take such policy decisions…. Its CEOs job or the business heads job

MagicalBoba
MagicalBoba
Unacademy13mo

I completely agree, Unacademy use to be such a great company now it has become one of the most toxic companies. Don't when will Gaurav start using his brain and come of the rosy picture that is being pictured by few top execs and his close network

SleepyPanda
SleepyPanda
Stealth13mo

Can you please tell which are the most profit making businesses for Unacademy?

WobblyNarwhal
WobblyNarwhal
Stealth13mo

Does it really make a difference. With GM at helm, hardly anyone is able to drive independent decisions. So even if he would have have been there he would be a puppet just like all the current leadership team.

GigglyMochi
GigglyMochi
Unacademy13mo

He would have been? Dude he was a puppet of GM.

GoofyMuffin
GoofyMuffin
Unacademy12mo

CFO is the problem and the problem now is that he's created the bunch of problems and parting. He should be there to deal with the problems

SleepyPanda
SleepyPanda
Stealth13mo

No ways! I have personally seen Subbu following GM and his orders. How can one expect a CFO to take decisions (that took company's revenue down) with GM always around everything.

Subbu is used - by the teams of the most profit making businesses of UA. Simple!

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