No Appraisals at Unacademy in 2023

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

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

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

Would someone have a fair idea?

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

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

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?

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?

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 .