2025 will be best year for growth, profitability: Unacademy co-founder
The ongoing year will be the best period in terms of growth and profitability for Unacademy, the co-founder and CEO of the edtech company, which has laid off 250 employees, said on Wednesday.
Amid claims that the edtech company is up for sale, Unacademy Co-Founder and CEO Gaurav Munjal in a social media post asserted that the management is building the company for the long run.
"There is a lot being said about Unacademy currently. To set the record straight, Unacademy will have its best year in terms of growth and profitability. We also have many years of runway. We are building Unacademy for the long run," Munjal said on social media platform X.
The company has laid off around 250 employees comprising 150 sales personnel who were asked to leave for not meeting performance criteria, according to sources privy to the development.
A source said that the company had laid off only about 100 employees and they have been given severance packages while sales employees have to leave for no