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It's true: Unacademy CEO on report of firm reducing monthly expense by 4 times
short by Ridham Gambhir / on Monday, 26 September, 2022
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.
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