Unacademy fires 250 employees to 'turn profitable'
Link: https://inc42.com/buzz/unacademy-fires-another-250-employees-to-turn-profitable/
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
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.
Donut
Stealth
3 months ago
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
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
Wasn't the founder lecturing Byjus few days back on why he failed ?
MassiveFun37
Stealth
3 months ago
Dar ka mahool hai yaha. They laid off all the staff of one business unit. What's worse is monday ko pizza party diya 🤷🏼♂️
FreshRaita
Stealth
3 months ago
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.
FreshRaita
Stealth
3 months ago
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
Sapthinker
Stealth
3 months ago
Late stage capitalism, growth at all cost for a few.
Unacademy is the worst organisation of all times with shittiest founders of all times
PrinceInDisguise
Stealth
3 months ago
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.
Donut
Stealth
3 months ago
2 seats for doctor and civil services ruined, who could have gone to deserving people. And now ruining the lives of his employees
hellotherehappy
Stealth
3 months ago
Here comes the Twitter thread on why being a founder is so hard and tough.
Hi guys, i am working on creating a union for White Collar Employees.
This union of the people is going to be against the tyranny of the CEO, CTO or Founders -- who have committed so many unjustful acts.
We are talking today about 250 families : old parents, wifes, children... who not ?
This is original post Checkout this post on Grapevine - https://share.gvine.app/4PRPph9r7swhSGoH8
A Union of-by-for White Collar Employees
4 comments on Grapevine
When will gurav and top exec stop living in leela palace doesnt that cost money ....
RemoteBlend4
Stealth
3 months ago
Curating job posts on careerbrige.com
Grapevine107
Stealth
3 months ago
And Gaurav munjal is busy debating with the Morning Context founder/ editor on the clickbaity title of his article while claiming to have a stellar year ! Their best ever!
Brutallyhonest
Stealth
3 months ago
Abbababa
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by biryanicormorant
Microsoft
Unacademy just announced another round of layoff; 350 impacted
.
Gaurav Munjal, cofounder and CEO of Unacademy group. Munjal said the restructuring exercise will impact about 10% of Unacademy employees, ac...
https://economictimes.indiatimes.com/tech/startups/unacademy-cuts-another-350-jobs-in-second-round-of-layoffs/articleshow/95361443.cms