Unacademy Layoffs

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Indian edtech giant Unacademy laid off approximately 250 employees in July 2024, marking the latest in a series of workforce reductions. This round affected about 100 staff in marketing, business, and product roles, and around 150 in sales. Since the second half of 2022, the company has cut a total of roughly 2,000 jobs. The layoffs are part of a restructuring effort aimed at achieving profitability, a necessary move as the industry faces a downturn following the post-pandemic reopening of schools. The Bengaluru-based startup, valued at $3.4 billion and backed by investors like SoftBank, is also reportedly in merger discussions with K12 Techno. This reflects broader challenges in the edtech sector, exemplified by the struggles of former leader Byju's.

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