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Unacademy announces job cuts: Read CEO Gaurav Munjal's letter to employees

Unacademy had cut more than 600 jobs in April this year. Softbank-backed company has tried to curb spending on marketing and control operational costs but it was not enough, founder and CEO Gaurav Munjal said in the letter. Unacademy, which was set up in 2015 and has raised funding from Softbank among other investors.

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