Unacademy downfall continues 📉

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?

Unacademy's COO has stepped down from his position today and will serve a notice period for the next 3 months. Adding to this, Top Educators and directors have resigned too. These are from test prep categories. This seems like a massive call fallout of the company.

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.

A lot of people at Unacademy have already resigned, and they are unable to hire replacements from the market( for who knows what reasons). Now as we all know people who are left in the organisation are going to have a tough time. Leaves not being approved, longer hours at work, mental harassment in the name of being available 24*7 is becoming a day to day thing. Now they are forcing people to take up sections of business one has never dealt with and are threatening to fire them if they are denying those roles. People who left the organisation in 2022 are the luckiest and well a bunch of well informed individuals who saw the end of this company before anyone else could have. What a time to be in edtech, indeed

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

After a confirmed research, following resignations are happening at Unacademy, resulting in a massive instability in the organisation 1. CHRO 2. COO 3. CTO 4. VP IT & ADMIN 5. CBO ( JM) 6. HEAD OF OFFLINE CENTERS 7. GENERAL COUNSEL 8. IAS COFOUNDER Adding to this, following BU's have been shut 1. Content Growth 2. Coheshve 3. Next Level TRULY SAD TO SEE THE HOUSE OF CARDS FALLING DOWN.

Unacademy CFO Subbu has resigned. Shit doesn't seems to stopping any soon for Unacademy. How many more folks from senior leadership will have to resign before investors throw Mr Munjal out of the company?

As of today, 31 folks at role of Senior Manager and above are on notice. Combined number across Business, Sales and content Marketing. Leaders across Offline, and new online Categories have also resigned. No one knows what's next at UA.