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Unacademy Lays Off Another 10% of Employees
Unacademy, one of the Indian ed-tech giants is planning to lay off another 10% of its employees amidst the difficult economic situation.Previously around 1000 permanent and contractual employees were fired by the company in April 2022. These affected employees include 300 educators.Gaurav Munjal, the CEO of Unacademy had promised there would be no more lay offs and the company would work on other methods to cut down costs.Gaurav MunjalHe cites schools reopening offline and harsh economic conditions to be reasons for this layoff. According to Munjal, the company took excessive measures to avoid this situation. They reduced their monthly burn
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Unacademy, one of the Indian ed-tech giants is planning to lay off another 10% of its employees amidst the difficult economic situation.Previously around 1000 permanent and contractual employees were fired by the company in April 2022. These affected employees include 300 educators.Gaurav Munjal, the CEO of Unacademy had promised there would be no more lay offs and the company would work on other methods to cut down costs.Gaurav MunjalHe cites schools reopening offline and harsh economic conditions to be reasons for this layoff. According to Munjal, the company took excessive measures to avoid this situation. They reduced their monthly burn […]
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