Edtech startup Unacademy is laying off up to 350 people in yet another round of layoffs in order to cut costs and turn a profit
According to an internal memo from Gaurav Munjal, cofounder and CEO of the Unacademy group, the restructuring exercise will affect approximately 10% of Unacademy employees across the group. “I am deeply saddened to inform you that we will have to say farewell to some of our exceptionally talented Unacademy employees in order to reduce redundancies in our operations.” These would be from verticals across the Unacademy Group where we have to make a difficult decision to scale down or shut down,” Munjal wrote on Monday. ET has looked over a copy of the email.
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Edtech startup Unacademy is laying off up to 350 people in yet another round of layoffs in order to cut costs and turn a profit
According to an internal memo from Gaurav Munjal, cofounder and CEO of the Unacademy group, the restructuring exercise will affect approximately 10% of Unacademy employees across the group. “I am deeply saddened to inform you that we will have to say farewell to some of our exceptionally talented Unacademy employees in order to reduce redundancies in our operations.” These would be from verticals across the Unacademy Group where we have to make a difficult decision to scale down or shut down,” Munjal wrote on Monday. ET has looked over a copy of the email.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
