Unacademy Layoffs
April 2022
Unacademy announced a layoff affecting 1,000 employees (17% of its workforce) in April 2022. The company operates in the Education sector.
1,000
17%
Apr 7, 2022
About
Edtech startup Unacademy has laid off around 1,000 employees, including both permanent staff and contract educators, as part of a major cost-cutting initiative. This reduction, carried out over recent weeks, represents about 17% of its then 6,000-strong workforce. The layoffs, affecting roles in sales, business development, and content, stem from efforts to reduce cash burn amid a tightening funding environment and an economic slowdown. The Bengaluru-based company, valued at $3.4 billion, aims to achieve profitability by year-end while focusing on its core test-prep business and group firms.
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