Unacademy Layoffs
November 2022
Unacademy announced a layoff affecting 350 employees (10% of its workforce) in November 2022. The company operates in the Education sector.
350
10%
Nov 7, 2022
About
Unacademy, an Indian edtech startup, has laid off 350 employees, representing about 10% of its workforce, as part of a second major round of job cuts in 2022. Announced in early November, this restructuring aims to reduce operational redundancies and accelerate the company's path to profitability amid challenging economic conditions. CEO Gaurav Munjal cited the need to build more efficient systems for leaner times, despite previous cost-cutting measures that had already lowered monthly burn. Affected employees will receive severance including notice pay, additional compensation, extended benefits, and placement support. The edtech industry in India has seen widespread layoffs this year as startups adjust to funding constraints and macroeconomic pressures.
Related Events
More Education Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl