Unacademy lays off 350 employees, CEO says 'I take complete responsibility'

Edtech unicorn Unacademy is laying off 10% of its workforce, or about 350 employees, in its second round of layoffs this year. In an email to employees, Unacademy CEO Gaurav Munjal said, "This decision has not been easy and I take complete responsibility." Citing Unacademy's commitment to no layoffs, Munjal said, "Market challenges have forced us to reevaluate our decisions."