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Unacademy chief executive Gaurav Munjal told employees in an internal note on Monday that the edtech firm’s founders and top management will take pay cuts and that the company will shut its global test preparation business. The steps are aimed at reducing costs significantly and hitting profitability. This is the second note from Munjal to his team in recent months. In May, he had said a funding winter was here and that the company must change its ways.
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