Unacademy gives pink slips to 350 employees in second round of layoffs

CEO Gaurav Munjal apologises to staff, says market challenges forced relook at commitment of no layoffs

Unacademy is conducting another round of job cuts and laying off 350 employees or 10 per cent of its workforce of 3,500, as the SoftBank-backed edtech firm targets profitability and reduces costs, according to an internal note sent by Gaurav Munjal, co-founder and CEO of Unacademy group, to the staff. Munjal said the restructuring exercise would affect about 10 per cent of employees across the group.

“I am deeply saddened to share that we will have to say goodbye to some of our extremely talented Unacademy employees,” said Munjal in the letter addressed to employees and reviewed by Business Standard.