Business Standard

SoftBank-backed Unacademy lays off 600 employees in cost-cutting drive

That's nearly 10% of the company's workforce and comes in the aftermath of the pandemic; the move follows termination if 100 staffers from PropLadder team in March

Unacademy founders, Roman Saini
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In this pic, Gaurav Munjal is standing at the centre while Hemesh Singh is in black jacket (right) and Roman Saini is in grey jacket (left).

Peerzada AbrarDeepsekhar Choudhury Bengaluru
Edtech unicorn Unacademy has laid off about 600 employees comprising nearly 10 per cent of its workforce in a move that is being seen as a focus on profitability as well as consolidation and cost-cutting drive in the space amid the pandemic, according to the sources.

The SoftBank-backed firm which has a workforce of 6,000 has laid-off full-time employees, contractual workers and educators across the organisation. A spokesperson of Unacademy confirmed the development.

However, media reports contended that the magnitude of layoff was closer to the 1,000-mark and that the figure quoted by the company might have been just the

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