Unacademy Layoffs Season 20
New silent layoffs at the end of November. Some teams are merging.
So team members will be moved to new teams and then laid off 😞
Unacademy will now reach an irrelevant status like vedantu etc
I'm a current employee at Unacademy and work with one of the founder's biz. We have a lot of financial & biz irregularities going on currently that it's not even funny
Hired 80-100 folks at low packages and silently laying off people every month on the name of performance issues, just to avoid severance
We are forced to do events 3-4 times a month at exotic hotels such as Taj, Oberoi, Hilton, Lalit in different cities. The motive of these events is to promote the product. However it ends up becoming a monthly vacation scene for the founder because he travels to all the events but barely attends them for more than 10min
Nobody keeps a tab of the ROI that's driven from these events. This biz has spent close to 6-8Cr in the last 12 months.
The entire business team acts as an events team every month and loses focus on the actual business. They are then laid off next month
This biz has also been publicly sharing the confidential revenue numbers of the partners with internal and external folks. They literally have a slack channel to track things when all of this is illegal.
GMV numbers for this biz is fudged and shared internally to save the image of the founder because this is the sole business he runs.
Please advise me what to do. I want to whistle blow this.
Who's their graphy branch? there hiring these days how's their culture?
Bro. Absolutely pathetic. It's a shithole that's gonna get busted soon. Zero business and ethic sense.
We know. Everyone knows. Nobody cares till the party is on.
That is so true vaibhav
Where are the so called journalists when you need them ?
Man, this is big. Any journos here with balls to publish this?
Thanks for sharing @IamRocky
Seems like you’ve seen a lot
New silent layoffs at the end of November. Some teams are merging.
So team members will be moved to new teams and then laid off 😞
Unacademy will now reach an irrelevant status like vedantu etc
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 s...
Hey all. My first post here. Can anyone tell me what the work culture is like at Unacademy and Upgrad. Currently in another ed-tech firm and looking for a shift.
Getting interviewed there for a sr business role. They are diversifying into a Naukri space with their product- Nextlevel.
What’s your take on their work culture at leadership level and the focus on actual value creation?