Unacademy's Relevel To Cut 40 Jobs
Edtech unicorn Unacademy will be letting go of 20% workforce from its subsidiary Relevel as the parent entity plans completely shift its focus from the Education Business in the upcoming months to focus completely on its Tests Product and the newly launched App called NextLevel.
According to an internal memo floated, which was viewed by BW People publication too, "Existing Learner Cohorts won’t be impacted and Relevel’s team will continue to provide high-quality learning experience and outcomes to the Learners enrolled in those."
Relevel’s Core team will focus on building NextLevel.
Almost 80% of Relevel’s remaining team will be absorbed by other Businesses of Unacademy Group and we will have to let go of around 20% (around 40 people) of the team because of lack of availability of roles for them. They will be extended the same benefits that were given to exiting employees in November.
Severance pay equivalent of notice period and an additional two months, Accelerated Vesting, Medical Insurance and Placement Support.
"Our Outplacements teams helped more than 60% of the exited employees get placed in the last two months. We are very grateful for the hard work and contributions of the Relevel team," states the team's management in an internal memo.
