It's true: Unacademy CEO on report of firm reducing monthly expense by 4 times

Responding to a report which alleged that Unacademy reduced its monthly expense to ₹50-60 crore from over ₹200 crore previously, CEO Gaurav Munjal tweeted, "It’s true." The report stated that owing to funding slowing down, the company announced cost-cutting measures within the organisation. These measures included layoffs, salary cuts for top management and travel restrictions for staff.