Cost Cutting: HR News, Trends & Workplace Insights

Latest Cost Cutting HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Cost Cutting.

Updated on: May 2023
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Unacademy Cuts Down ‘Unnecessary Expense’ To Focus On Profit
Industry

Unacademy Cuts Down ‘Unnecessary Expense’ To Focus On Profit

Edtech unicorn Unacademy has announced that it will be cutting down ‘Unnecessary Expenses’ so that the company can focus on profit. Founder and CEO Gaurav Munjal said in an employee note that for Unacademy staff there will be few changes moving forth such as Pay Cut, No Free Meals, and No Biz Class Travel. The […]

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Unacademy lays off 600 employees as part of a cost-cutting measure
Industry

Unacademy lays off 600 employees as part of a cost-cutting measure

Edtech unicorn Unacademy, which recently launched an experience centre- Unacademy Store, has laid off nearly 600 employees, almost 10% of its workforce. The SoftBank-backed start-up employs over 6,000 people, and this firing is said to be a cost-cutting measure. Sources familiar with the development said nearly half of the employees fired were educators, and they were […]

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