https://layoffcheck.com/companies/unacademy Layoff and WARN notices reported for Unacademy. en-us https://layoffcheck.com/companies/unacademy#2024-07 https://layoffcheck.com/companies/unacademy#2024-07-734 Tue, 02 Jul 2024 12:00:00 GMT In early July 2024, Unacademy cut 250 jobs, splitting the reductions roughly evenly between its sales team (150 positions) and marketing, business, and product functions (100 positions). It was the latest in a series of rounds that had eliminated around 2,000 roles at the Bengaluru-based edtech company since mid-2022. CEO Gaurav Munjal framed the cuts as essential to reaching profitability, arguing that startups raised capital at "bloated" valuations in 2021 and that the resulting corrections were "not market correction" but "reality." The broader edtech sector had been struggling since school reopenings collapsed pandemic-era enrollment, and investor confidence took a further hit from the collapse of rival Byju's. Unacademy was last valued at $3.4 billion in a 2021 round backed by SoftBank, General Atlantic, and Peak XV. No severance details were disclosed. https://layoffcheck.com/companies/unacademy#2023-03 https://layoffcheck.com/companies/unacademy#2023-03-1952 Thu, 30 Mar 2023 12:00:00 GMT Unacademy reported a workforce reduction in Bengaluru in March 30, 2023. https://layoffcheck.com/companies/unacademy#2022-11 https://layoffcheck.com/companies/unacademy#2022-11-2842 Mon, 07 Nov 2022 12:00:00 GMT Unacademy reported a workforce reduction in Bengaluru in November 7, 2022. https://layoffcheck.com/companies/unacademy#2022-06 https://layoffcheck.com/companies/unacademy#2022-06-3503 Sat, 18 Jun 2022 12:00:00 GMT Unacademy reported a workforce reduction in Bengaluru in June 18, 2022. https://layoffcheck.com/companies/unacademy#2022-04 https://layoffcheck.com/companies/unacademy#2022-04-3708 Thu, 07 Apr 2022 12:00:00 GMT Unacademy reported a workforce reduction in Bengaluru in April 7, 2022.