Unacademy layoffs: ‘Time to cut costs as funding winter can last up to 18 months,’ says CEO Gaurav Munjal
Image Credit: economic times
As edtech platforms start bleeding in India, Unacademy, which recently laid off over 600 employees, has predicted a funding winter that can last as long as 18 months, saying it will cut costs wherever required to weather the dry spell and become profitable. In a letter to employees, Unacademy's co-founder and CEO Gaurav Munjal said that "we must learn to work under constraints and focus on profitability at all costs".