Graphy, the software-as-a-service platform owned by edtech giant Unacademy, has laid off 20-30% of its workforce, amounting to nearly 50 employees, in recent weeks. This restructuring comes as the company, which provides learning management tools for creators, has reportedly struggled to meet revenue targets despite earlier projections. The move is part of a broader trend within Unacademy's group companies, following similar job cuts at Relevel and PrepLadder, as the SoftBank-backed firm shifts focus toward its offline operations and aims to enhance overall productivity. While Graphy's leadership cited performance-based reasons for the departures, the layoffs reflect ongoing challenges in the competitive edtech sector.
