Indian company fired people in large numbers??

D N INDUJAA
Tehelka in this indian company, people are being fired in large numbers, know what is the reason?
Munjal said in the letter addressed to the employees, "I am deeply saddened to share that we have to say goodbye to some of our most talented Unacademy employees.
Unacademy Lay Off: indian edtech startup Unacademy continues the process of layoffs. There have been layoffs of employees twice a year.For the second time, the company has shown the way out of 350 employees. According to an internal note sent by Gaurav Munjal, Co-Founder, and CEO of Unacademy, Unacademy has decided to take a second job cut this year. This time the company has given the pink letter to 10% i.e. 350 employees.
Know what the company said?
The SoftBank-invested edtech company continues to suffer losses, so the company is looking to reduce costs.Munjal said in the letter addressed to the employees, "I am deeply saddened to share that we have to say goodbye to some of our most talented Unacademy employees."Munjal said around 10 percent of the entire group's employees would be affected.
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Why are employees being fired?
Gaurav Munjal while apologizing to his employees said I apologize to all of you, I had said earlier that I will not allow the situation of retrenchment again, but now when the study has started offline, our funding has been reduced.Along with this, Munjal has written that in addition to the salary of the notice period, the employees being fired will also be given an additional salary of two months.Not only this, many facilities like medical insurance coverage, placement, and career support will be provided for the next year

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