Unacademy

Dell executives Bill Scannell and John Byrne communicated the layoffs through an internal memo, titled "Global Sales Modernisation Update", on August 6

The ongoing year will be the best period in terms of growth and profitability for Unacademy, the co-founder and CEO of the edtech company, which has laid off 250 employees, said on Wednesday. Amid claims that the edtech company is up for sale, Unacademy Co-Founder and CEO Gaurav Munjal in a social media post asserted that the management is building the company for the long run. "There is a lot being said about Unacademy currently. To set the record straight, Unacademy will have its best year in terms of growth and profitability. We also have many years of runway. We are building Unacademy for the long run," Munjal said on social media platform X. The company has laid off around 250 employees comprising 150 sales personnel who were asked to leave for not meeting performance criteria, according to sources privy to the development. A source said that the company had laid off only about 100 employees and they have been given severance packages while sales employees have to leave for no

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

Munjal questioned Raveendran's leadership and his ability to take feedback

After almost a decade of building Unacademy, Singh has decided to move from an executive role to an advisory role

Country lacks culture of research and innovation but Indian entrepreneurs found solutions to country's problems

Before joining Unacademy, Purri held the position of chief people officer at Sapphire Foods, overseeing HR strategies for brands like Pizza Hut and KFC

Experts said that the demand-supply mismatch between teachers and course availability in offline education is expected to fuel the growth in the sector in the coming years

Unacademy sacked teacher Karan Sangwan on Saturday alleged that the firm terminated his service under pressure from trollers on social media who misinterpreted his generic remark to vote for educated candidates. In a video on his YouTube channel, Sangwan said he made the generic remark on his YouTube channel and not during his lecture at Unacademy. "Why did termination happen? There is a pressure which gets built and you burst under its load. You (Unacademy) could not deal with the pressure. Therefore, under pressure you had to take an action which you may have not desired to or you desired to...I don't know. I can't say anything about what your intentions were?" Sangwan said. Sangwan said that Unacademy acted against him without hearing him out. "You directly sent me a termination notice," Sangwan said, adding that to hide the pressure, Unacademy used the term "code of conduct" without defining a political statement. He said that Unacademy cited views expressed by a Twitter accou

In a video which has gone viral, Unacademy educator Karan Sangwan was seen appealing to students to not elect uneducated people in powerful positions

Learning plarform Unacademy on Friday announced the appointment of Anurag Tiwari as the National Academic Director for Unacademy Centres. Prior to joining Unacademy, Tiwari served as the National Academic Director at Aakash Educational Services Ltd for 13 years. "An accomplished educator with over 18 years of experience in the education sector, Anurag brings a wealth of expertise and a proven track record to his new role," Unacademy said in a release. Founded by Gaurav Munjal, Hemesh Singh, and Roman Saini in 2015, Unacademy is a learning platform with a growing network of 91,000-plus registered educators and over 99 million learners. Unacademy Group comprises Unacademy, Graphy, UnacademyX, NextLevel, and Prepladder. "We are certain that his presence will further amplify our dedication to providing high-quality education to all learners and ensure we make a lasting impact on the educational landscape," Unacademy co-founder and CEO Gaurav Munjal said.

"Our FY'24 numbers are going to be awesome. This year is going to be the best year for Unacademy so far," the CEO added

The High Court extended interim injunction that barred Google from delisting start-ups that have filed petitions against it from company's Play Store

Move to skip cash appraisals driven by firm's goal to achieve at least four quarters of profitability ahead of IPO

New-age companies like Byju's, Unacademy, social media firm ShareChat, MyGate, and automobile-servicing startup GoMechanic were among the leading names that fired employees in large numbers

With this round of layoffs, Unacademy's workforce strength is down to under 3,000 compared to 6,000 in the early part of 2022

The Softbank-backed start-up last laid off 350 employees in November

Firm will now function as an independent unit run by its current team; Unacademy will, however, hold 30% in it as an investor, has also infused some capital to help it run for next 12-18 months

Edtech major BYJU's on Friday denied reports that it is considering a merger of rival Gaurav Munjal-run Unacademy into Aakash Educational Services

Sponsorship estimated at Rs 60 crore per season; Saudi Tourism may extend partnership to other BCCI tournaments