Unacademy gives pink slips to 250 employees in another round of layoffs

Quick Summary:

The firm is yet to file the audited annual report for the last fiscal year (FY24).

Gaurav Munjal (CEO) started Unacademy along with his friends Dr Roman Saini and Hemesh Singh (CTO) in 2015.

The development comes at a time when a growing number of edtech companies are struggling and laying off employees in a bid to conserve cash and focus on profitability.

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Article Details

Category: BusinessFinance

Markets: IndiaOman

Topics: Education Pink slips Unacademy EdTech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 20:51:26 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 618 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21462327

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