JumpyLlama

Razorpay

Unacademy fires 250 employees to 'turn profitable'

Link: https://inc42.com/buzz/unacademy-fires-another-250-employees-to-turn-profitable/

8mo ago

PerkyCupcake

Amazon8mo

Huh?

SqueakyBoba

Stealth8mo

Doing more by fewer people, ahh, the classic cost cutting measure taken up by every company which has no idea how to profitable scale a business

DancingUnicorn

Swiggy8mo

Pathetic. How many times these so called another layoff?
This is pure scam. Such kind of CEOs and CTOs have no right to be at such higher places. These id*ots come to media and give lectures also. There should be some laws in place for layoffs. These People wake up and do layoff. Some get funding and then do layoff and some vice versa. Some fire and then again post about hiring next month shamelessly. It's like a fashion for the. Layoff is no more a last resort these days.
These kind of companies will surely go down the drain.
CEOs and higher management should be made to disclose their salary and perks so that junior employees should also know how much salary difference is there and is there really a need for cost cutting.
Of not, we should atleast stop respecting/ideologise such people. If possible stop using/promoting their products as well. Treat them the way they treat employees.

SqueakyKoala

Stealth8mo

Agreed. People should stop idolising these so called CEOs, they are just a puppet, the VCs are the real decision makers. All these ‘all talk but no action’ companies and their gyaani CEOs like CRED

WigglyBanana

Stealth8mo

Weren't they going into a merger?

SleepyTaco

Goldman Sachs8mo

Confusing. Aren't they merged into a new company and entity?

WigglyBanana

Stealth8mo

Last month, Inc42 learnt that K-12 Techno Services held talks to acquire Unacademy. However, the talks are at initial stages.

The article says, hmm

JumpyBurrito

Publicis Sapient8mo

Wasn't the founder lecturing Byjus few days back on why he failed ?

GroovyBoba

X (formerly Twitter)8mo

Wasn't the founder criticizing Biju and now this?

TwirlyPancake

Stealth8mo

Dar ka mahool hai yaha. They laid off all the staff of one business unit. What's worse is monday ko pizza party diya 🤷🏼‍♂️

QuirkyJellybean

Stealth8mo

They are staring a new language learning vertical. Any thoughts on it?

GigglyUnicorn

Stealth8mo

The writing was right there on the wall .. and the Einstein sitting on the top of the dome with an aluminium foil is just about giving gyaan on all things he learnt form byjus and other tele prompted shit .. bafoonery at its best. Unacademy - that place where education and academy together went to die… again.

CosmicRaccoon

Gojek8mo

This is why we come to grapevine. For discussions like this

GigglyUnicorn

Stealth8mo

Stats prove that laying off folks has zero correlation with a company bouncing back. Fix your fucking strategy - don’t red line another employee ID and say okay this one has got to go. Numbskulls

ZestyLlama

Stealth8mo

The founder Roman Saini is very arrogant and money minded, he joined AIIMS, didn't pursue a medical line, he joined civil services and left it to start Unacademy. There were multiple red flags at that time but he said that he's not in the teaching business for money. Now it's all about money.