Any idea about internals of unacademy?

More than 600+ people have been laid off silently at Unacademy. This round is going to continue till 30th June. The mental harassment and pressure is off the charts. And the irony is that they are still hiring people from the outside while laying off current employees.

Just got to know internally that Unacademy is planning another round of silent layoffs in October. No severance will be paid. Or any benefits.

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?

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

GM has laid off a few senior management people today. Both in Online & Offline Business. Layoffs for teams below them coming soon, maybe after merger of teams

Unacademy is planning a mass layoff in February 2nd week. This one would be a large number of 600 folks

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

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 .