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
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Toshiba, once a titan in the Japanese corporate landscape, underwent a USD 13 billion takeover led by a consortium spearheaded by private equity firm Japan Industrial Partners (JIP)
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CEO Chris Hyams disclosed this decision in a company memo, attributing it to a significant downturn in job postings and a cooling labour market
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The restructuring is not a company-wide initiative but is described as normal reorganisations that periodically occur within businesses
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