Unacademy fires 250 in fresh layoffs Around 100 people from core functions like business development and marketing have been laid off while the rest are from the sales department, sources told us.
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Layoffs like these don't come as a surprise anymore. As unfortunate as it is, this trickles down to the lack of planning. The need for employees for a new project pushes companies to bulk hire but they rarely know how to handle the situation in the future. Our recommendation? Switch to companies after prior research on their work culture. Ask around, visit Glassdoor (or similar platforms), look at their employees on LinkedIn (keep an eye on how long on average do the employees stay there). Stop running after big names, every one of you is priceless. Don't settle for less! #unacademy #layoff #layoffculture #corporateproblems #corporateculture #employee
Unacademy has had multiple rounds of layoffs since 2022. Its workforce is down to below 3,000 as against 6,000 in the early part of 2022, according to sources
Unacademy gives pink slips to 250 employees in another round of layoffs
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Unacademy lays off 250 employees in fresh round of layoffs. This is their third round of layoffs in as many years. The number of employees laid off (250) and the departments affected (business development, marketing, and sales). Unacademy's confirmation of the layoffs and their explanation (streamlining operations and focusing on profitability). Their financial situation (losses narrowed in FY23, revenue rose, cash runway of four years). The shift is to focus on offline test prep. #news #edtech #education #shorts #businessnews #shorts #updates #unacademy #layoff #fired #businessshorts
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🚀 Navigating Change: Unacademy’s Recent Layoffs 💡 🌿 Unacademy, the prominent edtech unicorn valued at over $1 billion, has recently implemented a round of layoffs affecting approximately 250 employees. The restructuring exercise impacted roles across various functions, including marketing, business, product, and sales. As schools reopened across the country after pandemic lockdowns, Unacademy faced challenges in maintaining enrollment levels. This move is part of their ongoing effort to streamline operations and enhance business efficiency while staying focused on their goal of reaching profitability. 🌐 Despite the headwinds faced by the edtech sector, Unacademy continues to innovate and adapt. The company’s commitment to transforming education remains unwavering, even amidst market fluctuations. As they navigate this transition, Unacademy’s leadership, including co-founder and CEO Gaurav Munjal, emphasises the importance of listening, learning, and making strategic decisions to build a sustainable future. 🌟 #Unacademy #BusinessStrategy #Profitability #OperationalEfficiency #EdTech #StartupNews #BusinessGrowth #CorporateStrategy #India #BelieveIndia To read more in detail, click below:👇 https://lnkd.in/gthw_xCs
Unacademy Streamlines Operations Through Layoffs, Focuses on Profitability
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🛑 𝗠𝘆𝘁𝗵: Layoffs at Unacademy signal the company's decline. 𝗙𝗮𝗰𝘁 𝗖𝗵𝗲𝗰𝗸: - Unacademy is prioritizing sustainable growth over rapid scaling. - Restructuring is common in startups as they mature. - Significant focus on optimizing core functions and market alignment. 👓 𝗥𝗲𝗮𝘀𝗼𝗻𝗶𝗻𝗴: While layoffs are unfortunate, they don't necessarily indicate failure. Instead, they can be strategic measures to refine operations and enhance long-term health. Amidst these changes, Unacademy is likely pivoting towards more efficient, value-driven strategies to navigate the shifting educational landscape. 🔍 𝗬𝗼𝘂𝗿 𝗧𝗵𝗼𝘂𝗴𝗵𝘁𝘀?: Do layoffs automatically mean a company is in trouble? Share your perspective. #Unacademy #layoffs #sustainablegrowth #startups #restructuring #corefunctions #marketalignment #refineoperations #strategicmeasures #longtermhealth #efficientstrategies
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Unacademy Lays Off Another 250 Employees in Strategic Restructuring Unacademy CEO Gaurav Munjal addressed the recent layoffs by emphasizing the company’s long-term vision. Despite the workforce reduction, he expressed confidence in Unacademy’s growth trajectory. Munjal urged people to ignore rumours and assured the company was on track for its "best growth year" despite the staff reductions. Unacademy laid off around 250 staff members from various departments, including 150 from the sales team. These layoffs come amid speculation about a potential merger with another online platform. The decision reflects Unacademy’s strategic efforts to improve operations and increase efficiency. Softbank-backed ed-tech firm Unacademy implemented the layoffs as part of a broader restructuring initiative. The aim is to become profitable through cost reduction. The affected employees cover roles in marketing, sales, and product development. Unacademy seeks to establish itself for long-term expansion amidst the competitive ed-tech industry. #unacademy #layoff #edtech #startups #technews #letscode
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Economic realities put Unacademy in the spotlight with a major restructuring that led to 250 layoffs across multiple departments. It's a tough reminder that even thriving sectors like Edtech aren't immune to such challenges. About 100 positions in critical areas like business development and marketing were affected first. The sales department also faced significant impacts, emphasizing the importance of agility and adaptability in today’s fluctuating markets. How do we as professionals prepare for such sudden shifts? What skills and strategies are essential to thrive amidst such changes? Let's discuss #EconomicRealities #Unacademy #Restructuring #Layoffs #Edtech #Challenges #BusinessDevelopment #Marketing #Agility #Adaptability #FluctuatingMark
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Edtech startup Unacademy has dismissed 250 employees in fresh layoffs across the company. Approximately 100 people from core functions like business development and marketing, while the rest are from the sales department, have been affected, according to sources. This marks Unacademy’s third round of layoffs in as many years. In March 2023, the company reduced its workforce by 12%, or around 380 people. In April 2022, around 1,000 contractual and full-time employees were let go. “As part of our ongoing efforts to streamline operations and enhance business efficiency, we have recently undergone a restructuring exercise. This was necessary keeping in mind the company’s goals and vision for the year, as we focus all our efforts on sustainable growth and profitability. Consequently, some roles have been impacted. While this transition won’t be easy, we will be supporting all impacted individuals during this transition,” the company spokesperson said in a statement. Last month, this SoftBank-backed firm engaged in talks to merge with K12 Techno, which runs the chain of Orchids International Schools. Unacademy, started as a YouTube channel by Gaurav Munjal, Singh, and Roman Saini, became an edtech platform in 2015. #Unacademy #EdTech #Layoffs #BusinessNews #StartupNews #CorporateNews
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🚨IMPORTANT: Unacademy's PrepLadder Lays Off 145 Employees Teams such as sales, marketing, product, and tech were impacted Sources say, the primary reason behind this layoff was a rejig at PrepLadder's sales strategy (To know more, click the article link in the comment section 👇🏽) #Layoff #LaidOff #JobCuts #Unacademy #PrepLadder #Edtech #Indianstartups #Indianstartupnews #MediaCoverage Inc42 Media
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Unacademy fires 250 employees; sees third round of lay offs in 3 years Full Article Link >>> https://lnkd.in/g7K8xnf8 Welcome To Latest IND >> Fastest World News Unacademy , an edtech startup backed by SoftBank , has laid off 250 employees. This recent round of layoffs includes approximately 100 employees from crucial areas like business development and marketing, while the rest are from the sales department. The company confirmed that this move is part […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews
Unacademy fires 250 employees; sees third round of lay offs in 3 years
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Unacademy fires 250 employees; sees third round of lay offs in 3 years Full Article Link >>> https://lnkd.in/gWta3EDX Welcome To Latest IND >> Fastest World News Unacademy , an edtech startup backed by SoftBank , has laid off 250 employees. This recent round of layoffs includes approximately 100 employees from crucial areas like business development and marketing, while the rest are from the sales department. The company confirmed that this move is part […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews
Unacademy fires 250 employees; sees third round of lay offs in 3 years
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