Unacademy lays off 380 more employees

With this round, the company's workforce is down to under 3,000, compared to 6,000 in early 2022

- PEERZADA ABRAR

Edtech unicorn Unacademy has announced another round of job cuts - the fourth in the last one year as it is trimming 12 per cent of its workforce or 380 employees in a bid to "meet the goals in current realities".

With the fresh round of layoffs, Unacademy's workforce strength is down to under 3,000, compared to 6,000 in the early part of 2022.

"I never thought I would need to send out another message like this, but here I am. We have taken every step in the right direction to make our core business profitable, yet it's not enough. We have to go further, we have to go deeper," said Gaurav Munjal, co-founder and CEO of Unacademy group, in a letter addressed to employees and reviewed by Business Standard.

"Unfortunately, this has led me to take another difficult decision. We will be reducing the size of our team by 12 per cent to ensure that we can meet the goals we are chasing in the current realities we face. I did not anticipate I would have to do this again, and I'm very sorry," he said.