Unacademy CEO sparks outrage after announcing ’no appraisals’ while wearing t-shirt worth ₹33,000 | Watch

Unacademy CEO Gaurav Munjal sparked outrage on social media after announcing ‘zero appraisal’ while wearing a t-shirt worth ₹33,000. The development came mere weeks after the ed-tech startup laid off around 250 employees. Munjal has repeatedly insisted that the company would record its ‘best year of growth and profitability in 2024’.

Munjal told employees during a recent video meeting that that the company had failed to ‘it growth goals’ despite having an above average (if not great) year. He however insisted that the company would not be able to do appraisals — as conveyed a few weeks earlier. This is incidentally the second year in a row that some Unacademy workers have failed to receive a salary boost.