Unacademy has implemented another round of job cuts, affecting at least 250 employees across various departments, according to media reports. This move is part of the company's efforts to achieve profitability.
The Bengaluru-based edtech firm recently underwent a restructuring exercise aimed at streamlining operations and enhancing business efficiency, according to media reports.
Like many other edtech companies, Unacademy has implemented layoffs over the past two years to minimise cash burn amid a funding slowdown, according to media reports. In March 2023, the company laid off 12 per cent of its workforce, followed by a 10 per cent reduction in November 2022.
The exact number of employees affected was not disclosed, but the restructuring is part of Unacademy's strategy to align with its goals for sustainable growth and profitability.
