Unacademy given pink slip 350 employees of 2nd round of layoff – Business News India
read on appUnacademy Lay Off: Indian edtech startup Unacademy continues the process of layoffs. Employees have been laid off twice in a year. In the second time, the company has
shown the way out of 350 employees. According to an internal note sent by Gaurav Munjal, Co-Founder and CEO of Unacademy, Unacademy has decided to take a second job cut this year.
This time the company has given pink letter to 10% i.e. 350 employees. Know what the company said?The SoftBank-invested edtech company continues to suffer losses, so the company is
looking to reduce costs. Munjal said in the letter addressed to the employees, "I am deeply saddened to share that we have to say goodbye to some of our most talented Unacademy
employees." Munjal said around 10 per cent of the entire group's employees would be affected. Also read - IPO of the brewing company is coming, SEBI has given green signal, get
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Why are employees being fired?Gaurav Munjal while apologizing to his employees said that I apologize to all of you, I had said earlier that I will not allow
the situation of retrenchment again, but now when the study has started offline, our funding has reduced. Along with this, Munjal has written that in addition to the salary of the
notice period, the employees being fired will also be given an additional salary of two months. Not only this, many facilities like medical insurance coverage, placement and career
support will be provided for the next one year.