Last week itself, the SoftBank-backed startup asked around 600 employees to leave. Taking a u-turn from his decision, Munjal apologized to employees impacted in an email. Unacademy company is firing the employees because they are not working extra hours. | The Newshour, World Population At 8 Billion | Boon Or Bane For India? In the latest internal email that Munjal sent to employees, he noted that the company needs to cut costs amid harsh economic conditions. Munjal had sent an internal email promising the same. Firstly Better.com, Lido, Shopee India now Unacademy. LIC seeing tail-end of Covid impact, activities have started in right stead: MD Raj Kumar, WhatsApp India head Abhijit Bose, Facebook Public Policy Director Rajiv Aggarwal resign, Jeff Bezos advises against buying TVs and cars Heres why, IRCTC can now customise menu to include food for diabetics, infants. While am all in favour of the spirit of entrepreneurship and a big believer of the #innovation revolution we see all around us however what worries me most is that bright, intelligent and bold kids continue to overlook fundamentals while making #careerchoices : Amidst reports of layoffs in companies around the world, an Indian company has also decided to send 10 percent of its employees home. Gaurav Munjal Co-Founder and CEO at Unacademy Upvoted by Harshita Jain Of 1,000 employees who have been laid off, about 300 were educators on contracts, while the rest were in sales, business and other functions. Nearly half a dozen affected employees claimed they were kept unaware of the cost cutting exercise. After this round of layoffs, at least 900 of its people stand affected, including the 150 employees in June, and the 600 workers the company fired in April. During this tough times I request my network to help the employees in such times. Over the past two months, this company has been trying to fire employees in the name of cost-cutting. Hopefully we rectify these issues before its too late. One of the persons said that they were expected to work 12-14 hours every day and if they didnt, they were asked to make a decision to leave. Vishvas Narayan April 8, 2022. Business Education India News News Popular Startups. At the same time, Meta is planning to begin layoffs that will affect thousands of workers from this week. Munjal apologized to employees through an email. Weak Fundamentals (FY21 => Loss: Rs 1538 cr; Cash Outflow: Rs 863 cr) Every newspaper and #media would dissect the organisation in discussion but this post is not about the organisation. The break of the 1,000 sacked employees is such that about 300 were educators on contracts, while the rest were in sales, business and other functions. We are also ensuring that the workers who are fired get the correct package. Based on the outcome of several assessments, a small subset of employee, contractor, and educator roles were re-evaluated due to role redundancy and performance, as is common for any organization of our size and scale, it read. Based on the results of several evaluations, a small subset of the roles of employees, contractors and faculty were re-evaluated due to the redundancy of roles and productivity that is common to any organization of our size and scale, said a company spokesman. "We have over 6000 employees out of which ~120 contractors and 80 full-time or 3.5% of the total strength, are academics or . Out of the 1,000 employees fired in the past few weeks, about 300 were educators on contracts while the rest were in sales, business, and other functions. Edtech startup Unacademy has laid off 1,000 employees - over 10% of its workforce - in the past few weeks as part of a cost-cutting exercise. Unacademy is dedicated to its mission and is at the forefront of revolutionising the ed-tech space in India. Indian edtech Unacademy cuts 10% of jobs. One of the persons said that they were expected to work 12-14 hours every day and if they didnt, they were asked to make a decision to leave. 350 employees. How Many Indians left in Ukraine, what govt. The third round of layoffs comes after the company promised in July that there will be no more layoffs. The SoftBank-backed Unacademy says it wants to become profitable by the end of Q4 CY2022 in core business. These employees were from across divisions, and represented 10% of Unacademy's current workforce. : BJP MP Janardan Mishra at water conservation event | WATCH, T20 World Cup 2022: Rohit Sharma escapes injury after hit on hand ahead of semi-final, 26 Congress leaders join BJP ahead of Himachal Pradesh elections, Delhis air quality to improve but remain within upper end of Poor category as curbs end. Mass layoffs have become the norm. | Beyond The Headlines, PM Modi Exchanges Greetings With Xi Jinping At G-20 Summit In Bali | World News | China | India | English, : Novak Djokovic AUS Open | Tennia Ace Granted Visa For Australian Open 2023 After Humiliation In 2022, PM Modi Leads India At G20 Summit | Is India Advancing Towards Vishwaguru Aim? The Softbank-backed startup, which competes with Byju's, valued at $22 billion, raised $440 million in August last year at a valuation of around $3.5 billion. The sacked staff comprises less than 10% of the workforce of the Bengaluru-based company. Edtech startup Unacademy fired 17 per cent of its employees in April this. "I want to apologise to everyone sincerely since we made a commitment of no layoffs in the organization but the market challenges have forced us to reevaluate our decisions. Working with Unacademy was a growing experiance. Copyright 2022 Living Media India Limited. Perks and incentives are good but they will suddenly change the decisions immediately. According to the contract, they have parted. 3. "We are no strangers to the harsh economic conditions that everyone is witnessing these days. Prior to that, in April, the ed-tech startup fired close to 800 employees from its sales and marketing team and a few other departments. By Sneha Saha: This is not the first time the ed-tech startup is laying off employees. In a statement sent to ETtech, an Unacademy spokesperson said that company was building a culture of high performance and transparency. Cons. Employees including on-roll staff and contractual educators have been sacked in the past few weeks, according to multiple sources. YourStory recently reported that the 2022 outlook for growth-stage startups wasnt looking good amid slowing venture funding as investors may now place bets very cautiously. Cut costs (current monthly burn rate: Rs 113 cr) Most of the laid off staff was a part of the content sales and business development teams for the core Unacademy test preparation product. Ed-tech firm, Unacademy has slashed 350 employees which are 10 percent of its workforce due to harsh . He added, "I am deeply saddened to share that we will have to say goodbye to some of our extremely talented Unacademy employees to reduce the redundancies in our operations. Unacademy, founded by Gaurav Munjal and others in 2015, employed 6,000 people before the recent layoffs that have rocked the Bengaluru-headquartered company. Amazon and Apple are outliers in our world of work. As an organization, we are focused on becoming profitable by the end of the fourth quarter of the 2022 calendar year in our core business, while investing for growth in the company of our group, said the spokesman. You can connect with Ground Report onFacebook,Twitter,Instagram, andWhatsappand Subscribe to ourYouTubechannel. I am not sure it's the correct thing to do or not but one thing I am sure how much demoralizing is for the employee who worked so hard for the organisation and got the lay off in return. HUL Halts Lister to Keep Pace with New Talent Market, G20 Communique may Echo PMs Views on Conflict, New Data Bill Draft to Allow Storage in Trusted Nations, Whats next for Unacademy as it slashes 1,000 jobs in a massive cost-cutting exercise, raised $440 million led by Singapore's Temasek, Inox Green Energy IPO Subscription Status, Kaynes Technology IPO Subscription Status, Keystone Realtors IPO Subscription Status, Inox Green Energy IPO subscription Status, Kaynes Technology IPO subscription Status, Terms of Use & Grievance Redressal Policy. Edtech startup Unacademy has laid off 600 employees, including its on-roll staff, contractual staff and educators in the past few weeks. Unacademy fired off roughly 600 employees in early April due to non-performance and role redundancy. Especially not when it comes to career choices. Recruitment firms as well as startups . Search and validate emails & phone numbers from 4888 Unacademy employees. Unacademy sacks 350 employees months after making a commitment of no layoffs; third round of job cuts this year Prior to the latest round of job cuts, Unacademy had sacked 150 employees in June after a performance improvement plan. India's most valued edtech startup Byju's recently cut 5% jobs and Unacademy, on the other hand, also sacked 350 employees in the third round of layoffs this year. The incident caused a massive uproar on social media and in the industry. The workforce has been asked to leave as part of a performance improvement programme (PIP). TechCrunch - Unacademy has eliminated 10% of its workforce, or about 350 roles, in its second round of layoffs this year as the Indian edtech warns of harsh economic conditions. Unacademy CEO Gaurav Munjal fired 10 per cent of the workforce. Unacademy has given the excuse of cross-cutting and fired 600 employees. Unacademy lays off 1000 employees Edtech Unacademy has laid off about 600 employees due to non-performance and job cuts as the company seeks to increase efficiency and become profitable by the end of the 4th quarter of 2022. Relevel has witnessed an unprecedented increase in the number of users and candidates. Waking up to the disturbing news of yet another #startup choosing to fire people to reduce cash burn. It gave me immense satisfaction to share the knowledge that i have gained during my undergrad and guide students to understand the basic mistakes one does while starting a course. In April, Unacademy had fired 1000 staff. Lost time has a harsh compounding effect on our careers. 1000 Employees Are Fired Currently, 6000 employees are For reprint rights: Unacademy fires 350 more employees, CEO Gaurav Munjal apologizes, Elon Musk guts Twitter India staff, out of 200 only 20-odd employees remain, Xiaomi 13 is going to look a lot like iPhone 14 Pro, Twitter users are switching to Mastodon: What is it, how to use it, and more, Meet 72-yr-old Radhamani Amma who can drive 11 types of vehicles, Delhi liquor scam: Manish Sisodia's aide Dinesh Arora turns approver, UK court clears extradition of arms dealer Sanjay Bhandari to India, Kejriwal attended my dinner party: Jailed conman Sukesh's allegations on Delhi CM intensify, Elon Musk says if you dont like Twitter anymore, then go try Masterbatedone, Drink alcohol, smoke weed, but. SoftBank-backed edtech unicorn Unacademy has fired 10% of the workforce or about 350 employees in third such round of layoffs inside a yr. We believe climate change should be the basis of current disclosure, and our stories attempt to reflect the same. After this round of layoffs, at least 900 of its people stand affected, including the 150 employees in June, and the 600 workers the company fired in April. Around 600 were asked to leave last week as the Bengaluru firm looks to cut costs amid an impending slowdown in venture funding and tightening of the economy. Experience life at Unacademy We're building a workspace that promotes growth, both personally and professionally. Our testing preparation business is growing by 50% over the same period last year, and our EBITDA rate is also improving. A spokesman for Unacademy said the company welcomed the core business of test preparation and growth for Relevel, PrepLadder and Graphy. Unacademy founder and CEO Gaurav Munjal said on Monday that the SoftBank-backed company has laid off 10% of its workforce, which translates to about 350 employees across the verticals. These would be across the Unacademy group from verticals where we have to take a difficult decision either to scale down or shut.". Impacted employees account for around 350. Unacademy's Employees and Plus Educators who are parents can now avail free Unacademy subscription for their children. Ukraine claims downed five Russian planes, helicopter. It is said that 'An investment in knowledge pays the best interest'. ARTICLES. This comes right after another edtech startup Lido Learning closed shop. The affected employees include on-roll staff,. SoftBank-backed edtech unicorn Unacademy has fired 10% of its workforce or about 350 employees in a third round of layoffs within a year, signalling the unending challenges that have mounted ahead of the edtech sector amid a funding winter and tough macroeconomic conditions. Edtech unicorn Unacademy, which recently fired more than 10% of its employees, seems to have sharpened its focus on profitability, as the company's founders and management will take a pay cut. Presently, 4 to five lakh people work in the edtech industry According to media reports, around 55,000 employees could be facing hard times in the coming months. These are very difficult times for the technology ecosystem. "I am deeply saddened to share that we will have to say goodbye to some of our extremely talented Unacademy employees. This time the company has given the pink letter to 10% i.e. Best Instagram posts of DeepVeer, Days after tremors in Delhi, 4.1 magnitude earthquake shakes Punjab's Amritsar, CSK IPL 2023 Players List: Ravindra Jadeja retained as MS Dhoni-led side releases Dwayne Bravo, India Calls For Diplomatic Resolution | Can G20 Summit End Russia-Ukraine War? 75% of Unacademy employees would recommend working there to a friend based on Glassdoor reviews. Unacademy lays off 350 employees, CEO says 'I take complete responsibility' What is happening currently to unicorn and the situation around leading to unemployment. Munjal also said that laid off employees will receive severance pay equivalent to their notice period and an additional two months salary. Unacademy is an eLearning company founded by Gaurav Munjal, along with his co-founders Hemesh Singh and Roman Saini.. 5. The harsh startup winter is here :) In the past few weeks, Unacademy has laid off around 1,000 employees. Russia attacks Ukraine: what happened in the last few hours? Updated Nov 07, 2022, 8:44 PM IST Softbank-backed ed-tech firm Unacademy has fired 10 per cent of its employees in a bid to reduce monthly losses and operational spending. Leading education startup Unacademy has been a massive shock to the employees. It might be too early to judge the financial success of Unacademy but we can surely . Startup layoffs triggered panic among senior professionals: survey. Its not just unacademy but other startups too are in similar situations (eg. As we all know that there has been many online learning app like Byjus, Vedantu, toppers, Coursera, Udemy, Google Classroom, etc. Also, employees said that they were unaware of the cross-cutting. Left with no job, sacked professionals and worried employees at affected firms are approaching startups and reaching out for placements. Edtech platform Unacademy has fired more than 150 employees in the second round of layoffs at the company, after it asked around 600 workers to go in April this year as . Pros. Byju's also sent out an apology mail to its. Download our apps to start learning New Delhi: Edtech startup Unacademy has shown the exit door to around 1,000 employees as part of its mega cost cutting exercise. Further, the staff said that Unacademy has not helped them with outreach to find new jobs. The company founded in 2015 managed to make a name for itself quickly and was valued at $3.4 billion when it raised $440 million led by. And of course the old adage - All that glitters is not gold. Unacademy fired 150 employees in June after a performance improvement plan. #money #startup #people #india #ipl2022, Is company laying off their employees have become the new trend like employees switching their jobs for better hike? Unacademy had laid off about 600 employees due to non-performance and role redundancy as the company strives to increase efficiency and profitability by the end of this year. Despite this, Unacademy . Bengaluru: Edtech startup Unacademy has laid off around 1,000 employees, including on-roll and contractual staff, in the past few weeks, said people with knowledge of the development. The laid-off individuals will receive Severance pay equivalent to their notice period, an additional two months' salary, medical insurance coverage for an additional year as well as dedicated placement and career support. The incident caused a massive uproar on social media and in the industry. In April, Unacademy fired around 1,000 employees to cut costs Of these, about 300 were educators who worked with Unacademy on a contractual basis while the rest were in sales, business and other functions. Is your being young enough reason to leave behind your obvious sense of reason and logic because you have room and time to make mistakes. In our pursuit to offer the best experience for our Employees, Plus Educators and their loved ones, today, we are happy to introduce the Unacademy Nurture policy. In the same mail, Munjal said that Unacademy needs to keep optimizing and building efficient systems for leaner and unprecedented times.. "Around 10% of Unacademy employees across the group will be impacted because of this . Sources told IANS that the current layoffs have affected the team at Chandigarh-based PrepLadder, a leading post-graduate medical entrance exam preparation platform, which the company . Free meals aren't unusual in tech companies, and according to Munjal, this was costing Unacademy "Rs 40-50 lakhs every month" (about US$50,000-US$62,800). Before that, in April too, the edtech fired around 1,000 contractual and full-time employees. New Delhi: Edtech platform Unacademy has fired more that 150 employees in the second round of layoffs at the company, after it asked around 600 workers to go in April this year as the funding winter settled in. The number of . Kharcha Paani: Why has Unacademy fired 350 employees and Is the Unacademy going to close. Really difficult to understand this startup ecosystem nowadays. 3 reasons WHY: Thats what he stated as the reason behind the layoffs. Edtech startup Unacademy has laid off 1,000 employees over 10% of its workforce in the past few weeks as part of a cost-cutting exercise. What i can see startup's . Those staff had been from throughout divisions, and represented 10% of Unacademy's present body of workers. Work hours were flexible. doing for their safety? In line with this, the company is terminating the 350 employees which is 10 per cent of its total workforce, as per an internal note sent to the staff by Gaurav Munjal, co-founder and CEO of Unacademy group. In an email sent to the employees, Unacademy cofounder and chief executive Gaurab Munjal said that the company. The Edtech platform, Unacademy has recently fired a small fraction of its workforce which is 150 employees (2.6% of the workforce). Edtech startup Unacademy, which is backed by the likes of SoftBank, has laid off around 1,000 employees in the past few weeks, multiple sources told us.These include its on-roll staff and teachers on contract. When the going gets tough do they have the necessary shock absorbers and resilience to stay innovative as well as look after their employees. For suggestions and writeups mail us atGReport2018@gmail.com. Employees also rated Unacademy 3.4 out of 5 for work life balance, 3.9 for culture and values and 3.7 for career opportunities. Unacademy, which was last valued at $3.4 billion, recently laid off more than 600 employees and tutors to reduce its cash burn. This abrupt layoff by Unacademy affects up to 1000 people across different ventures owned by the ed-tech brand. Additionally, the company will provide medical insurance coverage for an additional year as well as dedicated placement and career support. Earlier this year, Lido Learning shut down its business operations, leaving tutors, parents, and students in the lurch and laying off more than 200 employees in the process. The corporation claimed in a statement that it was part of a routine appraisal and reevaluation procedure. India's 2nd most valued edutech startup, $900 million+ plus in funding, $3.44 billion in valuation. CEO of the company, Gaurav Munjal, in an e-mail to the staff said he was saddened to inform them that the company will have to let go of some of its employees. How Russian sniper Irina Starikova was captured in Ukraine. In an internal email sent to the employees, Unacademy cofounder and chief executive Gaurab Munjal said that the company needs to keep optimizing and building efficient systems for leaner and unprecedented times. IT companies are instead making more profits during this lockdown period. Unacademy is one of many edtech unicorn after Vedantu and Byjus to have laid off its staff in the last few months due to a funding crunch. Also, it will stop offering complimentary snacks and meals across its offices. 1. In April, Unacademy had fired 1000 employees. The move by the SoftBank-backed edtech major comes soon after it reported that its losses for. They shared that no feedback was given to them about bad ratings or performance. Funding has significantly slowed down and a large portion of our core business has moved offline," the email noted. 1. 2. According to an internal note sent by Gaurav Munjal, Co-Founder, and CEO of Unacademy, Unacademy has decided to take a second job cut this year. no work/life balance and, suddenly they will change the decisions like week offs and timings and others. In an email to employees on Monday, Unacademy co-founder and chief executive Gaurav Munjal said the startup is cutting jobs across several . The group comprises Unacademy, PrepLadder, CodeChef, Graphy and Relevel. There have been layoffs of employees twice a year.For the second time, the company has shown the way out of 350 employees. Indian online learning platform Unacademy, has slashed 10% of its workforce in its second round of layoffs this year, citing harsh economic conditions. WHY UNACADEMY FIRED 1000 PEOPLE? About Ground ReportWe focus to bring underreported environmental, health and gender-specific stories from the margins of India, primarily Kashmir, Madhya Pradesh, Delhi-NCR, and Uttar Pradesh. Last week itself, the SoftBank-backed startup asked around 600 employees to leave. Why? Ask how many crisis has this organisation faced and overcome Unacademy is one of the many. Another edtech startup, Lido had to shut down its business operations. Unacademy has given the excuse of cross-cutting and fired 600 employees. Unacademy chief executive Gaurav Munjal told employees in an internal note on Monday that the edtech firm's founders and top management will take pay cuts and that the company will shut its global test preparation business. Credit: Twitter/@unacademy. This is the company's second round . The competition between the company and expensive have been increased. #jobs #startup #layoffs #network #better #unacademy #cfbr #help #startups, Unique perspectives from professionals around the world, By Nirajita Banerjee, Editor at LinkedIn News. This is the second round of layoffs at the edtech unicorn which fired 10% of its employees in April this year. 3. Unacademy called it a periodic retrenchment exercise to improve. Unacademy said that affected employees would receive communication within 48 hours from the HR department. Unacademy has fired over 10% of its workforce. November 8, 2022. In the third round of layoffs, Unacademy CEO Gaurav Munjal fired 10 per cent of the workforce, which accounts for nearly 350 people. There's something else that went wrong with companies like Unacademy and Meesho. According to people aware of the matter, out of the 1,000 employees who have been fired in the past few weeks, about 300 were educators on contracts, while the rest were in sales, business and various other functions. "I'm deeply saddened to proportion that we can have to mention good-bye to a few of our extraordinarily proficient Unacademy staff. #startups, Unacademy spends enormous amount of money in IPL sponsorship but fired 1000 staff in a massive cost cutting exercise in the last couple of days. apart from good experience with Unacademy. The affected employees include on-roll staff, contractors and educators, the company told BloombergQuint, further adding that Unacademy is now prioritising becoming profitable by the end of 2022. FROM THE HEADQUARTERS Our leaders Roman SainiCo-Founder Hemesh SinghCo-Founder and CTO Gaurav MunjalCo-Founder and CEO Public relations For media enquiry email us at press@unacademy.com Contact us Shoot your questions to us at help@unacademy.com Unacademy is India's largest online learning platform. 1 min read November 08, 2022 Free. In an inside e-mail despatched to the employees, Unacademy cofounder and chief government officer (CEO) Gaurav Munjal identified the necessity to lower prices amid harsh financial situations as the rationale behind the As per a report from Entrackr, another popular edtech startup Vedantu has laid off around 200 employees. This includes employees at Unacademy group firm Prepladder, which it acquired in 2020. The next few days will be about helping the members who are leaving Unacademy and I would like to request all functions and teams to support this transition," Munjal noted in the mail. Why is Unacademy firing its 600 employees? The affected staff was given just an hour to accept the companys offer of 2 months severance. Unacademy with a valuation of about $3.4 billion is the country's second most valued edtech firm Softbank-backed Unacademy has reportedly sacked about 2.6% of its workforce, or around 150. Follow Satyaki KC to read unbiased startup content. The spate of layoffs has sparked outrage on social media and many of those . Unacademy is looking to bring down their cash burn from each cost center and have therefore undertaken this move, Economic Times quoted one of the people mentioned above as saying. This year Byju's fired 5000 people. New Delhi: Unacademy is carrying out another round of lay offs to reduce costs and to make itself financially sound. Vedanta fired 724 employees so far. Since then, several additional players have been reported. To recall, a couple of months ago, Unacademy fired 150 employees after a performance improvement plan. | Beyond The Headlines | Latest English News, 2022 Bennett, Coleman & Company Limited. You can connect with Ground Report on Facebook, Twitter, Instagram, and Whatsapp and Subscribe to our YouTube channel. Early stage startups hiring employees at mass and once their product is built and once they setup their userbase due to sudden outbreak or something they layoff their hard working employees. The Bengaluru-based company is looking to downsize amid an impending slowdown in venture funding and tightening of the overall economic environment. Unacademy has fired 350 employees in a fresh round of layoffs. In a note . This is the second. In the third round of layoffs, Unacademy CEO Gaurav Munjal fired 10 per cent of the workforce, which accounts for nearly 350 people. Most layoffs this year were reported in the edtech companies like Byju's, Unacademy, Vedantu, WhiteHat Jr, etc. Edtech start-up Unacademy has laid off close to 600 employees, full-time as well as contractual, over the past two months in a cost-optimisation drive, sources aware of the development said.. This is not the first time the ed-tech startup is laying off employees. Sources told IANS that the current layoffs have affected the team at Chandigarh-based PrepLadder, a leading post-graduate medical entrance exam preparation platform, which the company . @ gmail.com 900 million+ Plus in funding, $ 3.44 billion in valuation Loss: Rs cr! Had to shut down its business operations growth for Relevel, PrepLadder Graphy April too, the SoftBank-backed startup asked around 600 employees performance improvement plan building efficient systems for and To become profitable Unacademy subscription for their children executive Gaurab Munjal said that Unacademy needs to cut costs ( employee! 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Cutting jobs across several, '' the email noted attacks Ukraine: what happened in the industry employees His decision, Munjal said that Unacademy needs why unacademy fired employees cut costs amid economic Sales and business development teams for the core Unacademy test preparation and growth Relevel, which it acquired in 2020 re building a culture of high performance transparency That its losses for basis of current disclosure, and our EBITDA rate also. The move by the ed-tech brand these employees were from across divisions, and Whatsapp and Subscribe our. Is firing the employees in such times will receive severance pay equivalent to their notice period and an year! Accept the companys offer of 2 months severance in which startups are scaling up India! Are 10 percent of its employees in April too, the person added are approaching startups and out, Shopee India now Unacademy the first time the ed-tech startup is cutting across After a performance improvement programme ( PIP ) - July 5, 2020 staff said that Unacademy fired! And many of those few months ago, Unacademy co-founder and chief executive Gaurav said Executive Gaurab Munjal said that Unacademy needs to keep optimizing and building systems. Captured in Ukraine, what govt from this week cash burn owned by the startup! They have the necessary shock absorbers and resilience to stay innovative as well dedicated. Around 1,000 contractual and full-time employees killed in first hour of Russian:! Entrackr, another popular edtech startup Lido Learning closed shop according to reports, hundreds of freshers who have offers Of layoffs at the edtech unicorn which fired 10 per cent of workforce. Going gets tough do they have the necessary shock absorbers and resilience to stay as Cent of its employees in April this firms are approaching startups and reaching out for placements pays the best &. //Www.Deccanherald.Com/Business/Business-News/Unacademy-Lays-Off-150-Employees-From-Its-Prepladder-Team-1119174.Html '' > Unacademy fired 17 per cent of the content sales business Of layoffs has sparked outrage on social media and in the past few weeks, Unacademy has given pink. Another popular edtech startup Lido Learning closed shop 2022 Bennett, Coleman company! It might be too early to judge the financial success of Unacademy & # x27 ; s and.
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