Unacademy Focuses on Profitability, Announces Founders, Management Pay Cuts – The Economic Times Video

Unacademy to Focus on Profitability Announces Pay Cuts for Founders and Management – The Economic Times Video | ET now

On Monday, Unacademy chief executive Gaurav Munjal told employees in an internal memo that the education technology company’s founders and senior management will have to take pay cuts and that the company will close its global test preparation business. These steps are aimed at significantly reducing costs and improving profitability. This is Munjal’s second note to his team in months. In May, he said that funding winter had arrived and that the company needed to change its approach.