The Unacademy Saga: Is the Ed-Tech Unicorn in Trouble?

Edtech platform Unacademy recently laid off about 250 employees from various departments, including 150 in sales, marketing, and technology teams, as per media reports.

This marks Unacademy's third round of layoffs in recent years. In March 2023, the company reportedly reduced its workforce by 12 per cent, or around 380 employees. In April 2022, it terminated about 1,000 contractual and full-time staff members.

After the recent layoffs, a spokesperson for the company said that this was necessary, keeping in mind the company's goals and vision for the year, as we focus all our efforts on sustainable growth and profitability. Consequently, some roles have been impacted.

Immediately after this, Unacademy founder Gaurav Munjal took to X (formerly Twitter) and said that Unacademy will have its best year in terms of growth and profitability. He added, “We also have many years of runway. We are building Unacademy for the long run. Ignore the rumors."