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Exclusive: Unacademy’s PrepLadder Lays Off 145 Employees In Sales Strategy Rejig

Inc42 · 6m

Exclusive: Unacademy’s PrepLadder Lays Off 145 Employees In Sales Strategy Rejig

Unacademy-owned medical entrance test prep platform PrepLadder has undergone another round of layoffs, with around 145 employees being let go. This is the company's third round of layoffs in the past three years. The restructuring affected various teams, including sales, marketing, product, and tech, with the sales team being the most impacted. Unacademy confirmed the exercise and stated that it was necessary for enhancing business efficiency. The company is offering severance packages and extended medical insurance to the affected employees. The recent restructuring is attributed to increased involvement from Unacademy in PrepLadder's operations since its acquisition in 2020.

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Comments

MYSTYX

I recently worked in another ed tech startup AlmaBetter.. They had 4 layoffs just in last 12 months.. Resulting in letting go more than 175-200 employees including myself.

6 months ago

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