Summary – Unacademy Modifies Employment Terms for BDAs and Senior BDAs
• Unacademy, an Indian educational technology company, revised employment terms for some candidates after circulating offer letters for BDAs and senior BDAs positions.
• The changes were made during a major hiring push for sales positions in March and April.
• Unacademy, headquartered in Bangalore, offers an online educational platform.
According to various candidates, Edtech giant Unacademy modified its employment terms for some candidates after circulating offer letters for the positions of business development associates (BDAs) and senior business development associates.
The candidates received offer letters as part of the startup’s major hiring push for sales positions in March and April of this year, but the terms of employment were revised shortly after the first offers.
Unacademy, an Indian Edtech giant, has revised its employment terms for some candidates after circulating offer letters for business development associates and senior business development associates positions, as part of its hiring push for sales positions, an Indian multinational educational technology business headquartered in Bangalore, offers an online educational platform.
It trains students for a variety of competitive exams (including JEE, NEET, UPSC, Chartered Accountancy, GATE, UPSC NDA, CUET, and Boards), as well as foundational and skill-building courses (such as programming, photography, and entrepreneurship).
Gaurav Munjal, Hemesh Singh, and Roman Saini co-founded it in 2015. Unacademy had a market capitalization of $3.44 billion in May 2022.
Notably, this phrase was not included in their original ‘Letter of Offer’ to candidates.
According to the revised offer letters, the training programme culminated with the GMC test, and only those candidates who passed this test would be granted jobs for the BDA post, as well as compensation for the “time devoted to passing the GMC.”
It is worth noting that Unacademy has also had challenges as a result of the ongoing funding crisis and the decline in the edtech sector in recent years. PrepLadder, which is owned by Unacademy, sacked 150 employees earlier this month as part of a restructured sales strategy.
It’s unclear why the company has taken this decision, but Unacademy has recently shifted its attention to offline learning, where it competes with PhysicsWallah, Vedantu, BYJU’S-owned Aakash, Allen, and other key companies.
Pratik Dalal was appointed CFO for the startup’s offline operation, while Jagnoor Singh was promoted to COO for the vertical. It presently has centres in over 20 locations around the country.
CONCLUSION : Unacademy, an Indian Edtech giant, has revised its employment terms for some candidates after circulating offer letters for business development associates and senior business development associates positions, as part of its hiring push for sales positions.
