Edtech platform Unacademy lays off 2.6% employees due to poor performance

Edtech platform Unacademy on Saturday said that a small fraction of its workforce (2.6 per cent) has been asked to go as part of performance improvement programme (PIP).

Sources earlier told IANS that nearly 150 employees (2.6 per cent) from Unacademy’s PrepLadder team were laid off.

A company spokesperson told IANS that “the departure of these employees is a result of the PIP, which is a standard practice in all organisations”.

“Unacademy has not conducted any layoffs, and we strongly deny the information as it is factually incorrect,” the spokesperson added.

The company said the affected employees have been given generous severance and support, like “garden leave” for the duration of notice period, additional payout equivalent to two months’ salary,