Bengaluru-based edtech unicorn Unacademy has laid off around 1,000 employees in the past few weeks as part of a cost-cutting exercise, ET reported citing sources. An Unacademy spokesperson said, "A small subset of employee, contractor and educator roles were re-evaluated due to role redundancy and performance." Unacademy was last valued at $3.4 billion in a funding round in August 2021.