The layoffs would happen across several verticals, some of which would be either scaled down or closed.
Unacademy, India’s second-largest edtech firm with a valuation of $3.4 billion, has fired 350 employees, nearly 10% of its total workforce, in a second round of layoffs this year.
“I am deeply saddened to share that we will have to say goodbye to some of our extremely talented Unacademy employees. These would be across the Unacademy Group from verticals where we have to take a difficult decision either to scale down or shut,” the firm’s co-founder and CEO, Gaurav Munjal, said in an internal memo sent to employees on Monday.
“Around 10% of Unacademy employees across the group will be …
Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.
Editor, Newsletters
pradip@mailtmc.com
Delhi