Oh well.
June peak season hai. I don't think October mein he can tweet this
Apparently layoff was the answer? That means product is still not fir at unit economic level
Company has turned cashflow positive as per the founder. However all the founders have been selling their stake non stop whenever the funding came. That should communicate about the future that they are envisioning for the company
Crap. This is all sham. These 2 founders really don't know how to do business. They seem to be only filling up their bank accounts and tummy. Never seen such big losers.
He’s doing good work now
1 year back all startups were losing money like crazy while all of a sudden everyone from Swiggy to Meesho to Unacademy are profitable or EBITDA positive. Other companies which were profitable earlier have not shown a spike in profit.
W...
Where did you work and how much money did you make?
Asking as it looks like a lot of promise of ESOPs and wealth creation has failed employees in this bloodbath slow growth, layoffs, and job changes.
I have had ESOPS in 2 companies #1 - company got acquired ..I got 45 Lacs IN ESOP ...thats 1.5X of my last annualize...
Many zomans I know are filthy rich already.
I used to have 65L, atleast that’s what it showed on the portal, now I’ve left the company it’s dropped to 6L Ps...
So again Unacademy has asked people to leave, and asked them to resign.
Leadership is so clueless about what they are doing, they fired 3-4 people whom they had hired a month ago. Imagine the situation 😂
And I don't see this stopping ...