The layoffs in the country’s struggling edtech sector refuse to end, with Unacademy deciding to go for another round of layoffs which would affect around 10% of its workforce.
In an internal email sent to employees, Unacademy CEO Gaurav Munjal cited harsh economic conditions, the need to build efficient systems for the “unprecedented times”, and the offline pivot as the reasons for the layoff exercise.
“I am deeply saddened to share that we will have to say goodbye to some of our extremely talented Unacademy employees. These would be across the Unacademy Group from verticals where we have to take a difficult decision either to scale down or shut,” said Munjal in the mail.
He said that the startup’s HR team would send out detailed communication to the affected employees in the next 48 hours.
While the startup had earlier promised its employees that there would be no firings at the company, Munjal said market challenges forced the startup to reevaluate its decisions.