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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Co-founder Gaurav Munjal today announced a 12% cut internally, amounting to more than 350 employees, after two rounds of firings last year.
Bengaluru-based Unacademy, India’s second-largest education technology company, has announced internally that it is firing more than 350 employees, out of a total of around 2,800. The layoffs will impact tech as well as leadership teams, but the deepest cut will be in the online test prep team, according to a person in the know, who asked not to be named.
In a message to employees on Slack today, Munjal said that the company will reduce its workforce by 12%.
“We have taken every step in the right direction to make our core business profitable, yet it’s not enough. We have …
The UAE is looking at its first public listing of the year while Egypt just delivered a big one; OpenAI’s bugging accused has ties to Saudi Arabia; and other updates from the week.
Believing education is the key to success, Unacademy raised $880 million and reached a $3.4 billion valuation, only to crash 90%. Its co-founder and CEO gets candid about the state of the startup and Indian edtech.
Physics Wallah’s desperate pursuit of growth has led to another bold announcement. The latest move centres around one of India’s most competitive test-prep pockets.
