Akshata Sharma
Share
A Reddit user shared a snippet from Unacademy's town hall, pointing out the Unacademy CEO Gaurav Munjal's expensive Burberry T-shirt, worth $200 to $570 as he announced that academy employees will not receive appraisals this year.
The CEO of Unacademy informed employees that the company did not meet its growth targets and as a result, there will be no appraisals this year.
Munjal announced, "I think 2023 was an average year for us. But 2024, if not great, was above average. But we did not hit our growth goals. The good part is that the burn is extremely low now, and we have a huge runway. And I kept saying that we don't have a survival risk,"
Munjal said it was a tough phase because of challenges such as tough market conditions and declining revenue from offline centres, and that's why the firm won't be able to conduct appraisals this year.
He also urged the workforce to focus on the bigger picture although some employees have not received appraisals for two years.
--Advertisement--
