Unacademy leadership to take permanent salary cuts of up to 25%: CEO Munjal

Unacademy's Co-founder and CEO Gaurav Munjal told employees that the edtech startup's leadership team, including founders, will take a permanent salary cut of up to 25%. The salaries will only be revised in April 2024, Munjal said. The announcement comes a day after Unacademy laid off 12% of its workforce in its fourth round of layoffs in last 12 months.