The Edtech platform, Unacademy has recently fired a small fraction of its workforce which is 150 employees (2.6% of the workforce).
The workforce has been asked to leave as part of a performance improvement programme (PIP). These layoffs currently affected the PrepLadder team that is based out of Chandigarh.
This is the company’s second round of layoffs. In April, Unacademy laid off nearly 600 employees, contractual workers, and educators – about 10 percent of its 6,000-strong workforce across the group as the funding winter settled in.
A company spokesperson said, “the departure of these employees is a result of the PIP, which is a standard practice in all organisations”.
“Unacademy has not conducted any layoffs, and we strongly deny the information as it is factually incorrect,” the spokesperson added.
“Based on the outcome of several assessments, a small subset of employee, contractor, and educator roles were re-evaluated due to role redundancy and performance, as is common for any organisation of our size and scale.” A company spokesperson had said in a statement.
“The vast majority of roles impacted has been a result of that process, and the efficiency we aim to drive in the broader business.”, The company spokesperson added.
This is the leading post-graduate medical entrance exam preparation platform, which the company acquired for $50 million in 2020. Unacademy started as a YouTube channel in 2010. It is one of the largest learning platforms with a growing network of 60,000 registered educators and over 62 million learners.
Co-founder and Chairman-designate, Brajesh Maheshwari of Allen Career Institute earlier announced to take strict action against teachers who leave the institute and join rival edtech platforms.
Unacademy is one of the largest learning platforms with a growing network of 60,000 registered educators and over 62 million learners.
