Unacademy CEO Gaurav Munjal announced the halt of employee appraisals this year due to the company failing to meet growth targets, while wearing a $400 Burberry T-shirt. Citing market challenges and declining revenue, Munjal reassured employees of the firm’s stability. The announcement followed the layoff of 250 employees for streamlining operations.
Unacademy CEO ‘roasted online’ for wearing Rs 30,000 T-shirt at ‘no appraisal’ townhall meeting
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