Unacademy Lays Off 250 Employees

Edtech unicorn Unacademy has laid off 250 employees as part of its efforts to streamline operations and enhance efficiency.

“As part of our ongoing efforts to streamline operations and enhance business efficiency, we have recently undergone a restructuring exercise. 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. While this transition won’t be easy, we will be supporting all impacted individuals during this transition,” the company spokesperson said in a statement.

In March 2023, Unacademy laid off 10 per cent of its workforce. In May, its group company PrepLadder, a NEET PG preparation platform, also saw layoffs affecting 145 employees.

This development at Unacademy follows the recent departure of its co-founder and chief technology officer, Hemesh Singh.