Any Goss on the financial health of Edtech firms like LEAD, Unacademy? I hear there's one more round of layoffs coming.
I think it’s BYJUs that has a high chance of going dry. Unacademy took the signs of the recession early and started converting cash.
I suspect massive layoffs at BYJUs continue in 2023 and only minor ones in Unacademy
It’s going to get worse. Literally all of them are trying to open offline centers. I recently heard that unacademy was in talks to acquire some gurgaon based company with 30 offline centers.
Byjus did something similar with Akash. Vedantu also bought a company with offline centers.
Kids don’t want to learn online anymore. Even though they survive the winter, their core model doesn’t have any growth left, they’ve to find a silver bullet. And right now silver bullet looks like offline centers.
I feel like the early signs of the problem was when online edtech went started switching to the offline model.
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...
Fresh round of layoffs in Unacademy and 250 people have been let go.
Kept waffling about he’s going to revolutionize the Edutech space and how they’re different from Byju’s. They’re all the same.
Paying exorbitant salaries was going to bite them sooner or later, feel sad for those who will loose their jobs. But ...
