Unacademy terminates jobs of 150 employees

Education technology platform Unacademy has terminated jobs of more than 150 employees in the second round of layoffs.
jio-for-studentsUnacademy in April asked around 600 workers to leave the company.

The current layoffs have affected the team at Chandigarh-based PrepLadder, a leading post-graduate medical entrance exam preparation platform, which the company had acquired for $50 million in 2020, IANS reported.

PrepLadder prepares students for medical examinations and provides access to education services and preparation material for exams such as NEET PG, AIIMS PG, NEET SS, and FMGE.

The current layoffs account for nearly 2.6 percent of Unacademy’s workforce and affected most employees on a performance improvement program.

In April, Unacademy laid off nearly 600 employees, contractual workers and educators – about 10 percent of its 6,000-strong workforce across the group.

Started as a YouTube channel in 2010, Unacademy is one of the largest learning platforms with a growing network of 60,000 registered educators and over 62 million learners.