Tag: Unacademy founder Gaurav Munjal
Unacademy to trim complimentary meals, salaries to focus on profitability
Unacademy founder Gaurav Munjal has informed his employees that the edtech company will resort to cost restructuring mode where a global business will be shut down, founders and management will take pay cuts and employees will have to let go of complimentary meals and snacks. The move comes even as Munjal admits the SoftBank-backed unicorn has ₹2,800 crore in the bank. “Even though we have more than ₹2,800 crore in the bank (as of this morning), we are not efficient at all. We spend crores on travel for employees and educators. Sometimes it’s needed, sometimes it’s not,” said Munjal in ... Read more