Unacademy’s leadership team to take up to 25% pay cut in FY24
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The leadership team of edtech unicorn Unacademy, which has undertaken multiple rounds of layoffs amid the funding winter and business slowdown, will take up to 25% pay cuts for the financial year 2023-24 (FY24). “Unacademy’s leadership including the founders will take a permanent salary cut. The salary cut will depend on the current salary of the leader, their scope and performance,” Gaurav Munjal, cofounder and CEO of Unacademy, said.