{"id":2265,"date":"2024-08-06T12:40:52","date_gmt":"2024-08-06T12:40:52","guid":{"rendered":"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/"},"modified":"2024-08-06T12:40:52","modified_gmt":"2024-08-06T12:40:52","slug":"unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/","title":{"rendered":"Unacademy CEO Picks $400 Burberry T-shirt For ‘No Appraisal’ Announcement Meeting – News18"},"content":{"rendered":"


\n<\/p>\n

\n
\n

Published By: Business Desk<\/span><\/a><\/span><\/p>\n<\/div>\n

\n

Last Updated:

\n
\n
<\/figure>\n

Purportedly dressed in a $400 (Rs 33,000 approx.) Burberry T-shirt, the CEO’s ironical appearance has everyone’s attention.<\/p>\n<\/div>\n

\n

Unacademy Announces ‘No Appraisals’ For Employees<\/h2>\n<\/div>\n<\/div>\n
\n
\n

While the wave of layoffs continues to hit multiple industries, Unacademy, a major player in the Indian edtech sector, is not far behind. After announcing the termination of around 250 employees, the company has now rejected appraisals for everyone this year. Unacademy CEO Gaurav Munjal made the announcement last week at the virtual town hall, stating that there will be no salary hikes for employees. While the decision has left many disappointed and worried, Munjal\u2019s choice of outfit for the day is now also facing the internet\u2019s wrath.<\/p>\n

Purportedly dressed in a $400 (Rs 33,000 approx.) Burberry T-shirt to announce an appraisal cut for employees, the CEO\u2019s ironical appearance has everyone\u2019s attention. Many took to social media platforms and reacted to his video.<\/p>\n

<\/p>\n

\u201cUnacademy CEO shares news of no appraisal year while wearing a $400 t-shirt,\u201d a Reddit post read, followed by an additional message that explained that he wore the Burberry Black Parker t-shirt with an embroidered logo.<\/p>\n

<\/p>\n

The post left users divided in the comment section, with many calling out the CEO and his company. A user wrote, \u201cThese CEOs won\u2019t lower their own standard of living but rather stop appraisals for the people who are running their businesses,\u201d while another asked, \u201cWhy are cuts always from the bottom tier whereas the top tier, who take most of the share, is left unaffected?\u201d<\/p>\n

\u201cJust take a paycut! That money could have been used to give appraisals to many employees. The ratio of a CEO\u2019s salary to an average employee\u2019s salary is still too huge,\u201d a comment read.<\/p>\n

Unacademy Announces \u2018No Appraisals\u2019 For Employees<\/strong><\/p>\n

In his town hall address, Gaurav Munjal shared that the company has not met the growth targets, which is why they will not hold appraisals for the workplace. \u201cI think 2023 was an average year for us. But 2024, if not great, was above average. However, we did not meet 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\u2019t have a survival risk,\u201d he said.<\/p>\n

<\/p>\n

He also acknowledged that some employees have not received any hikes for two years now, but they need to see the \u201cbigger picture.\u201d<\/p>\n

In July this year, the edtech company laid off about 250 employees across various departments, primarily sales. Those close to the matter said that the terminations were done as part of a recent \u201crestructuring\u201d and also based on performances for the year.<\/p>\n<\/div>\n

\n
\n
\n
Business Desk<\/span><\/a><\/p>\n
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings …Read More<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Published By: Business Desk Last Updated: August 06, 2024, 18:10 IST Purportedly dressed in a $400 (Rs 33,000 approx.) Burberry T-shirt, the CEO’s ironical appearance has everyone’s attention. Unacademy Announces ‘No Appraisals’ For Employees While the wave of layoffs continues to hit multiple industries, Unacademy, a major player in the Indian edtech sector, is not…<\/p>\n

Read More “Unacademy CEO Picks $400 Burberry T-shirt For ‘No Appraisal’ Announcement Meeting – News18”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":2266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.news18.com\/ibnlive\/uploads\/2024\/08\/unacademy-founder-2024-08-c9ad80a285c1f73f4beae608d068e8ca-16x9.jpg?impolicy=website&width=1200&height=675","fifu_image_alt":"","footnotes":""},"categories":[3],"tags":[1542,1541,1544,1543,1545],"class_list":["post-2265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-tech-layoffs","tag-unacademy","tag-unacademy-ceo","tag-unacademy-layoffs","tag-unacademy-no-appraisal-announcement"],"yoast_head":"\nUnacademy CEO Picks $400 Burberry T-shirt For 'No Appraisal' Announcement Meeting - News18 - Breaking News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unacademy CEO Picks $400 Burberry T-shirt For 'No Appraisal' Announcement Meeting - News18\" \/>\n<meta property=\"og:description\" content=\"Published By: Business Desk Last Updated: August 06, 2024, 18:10 IST Purportedly dressed in a $400 (Rs 33,000 approx.) Burberry T-shirt, the CEO’s ironical appearance has everyone’s attention. Unacademy Announces ‘No Appraisals’ For Employees While the wave of layoffs continues to hit multiple industries, Unacademy, a major player in the Indian edtech sector, is not...Read More “Unacademy CEO Picks $400 Burberry T-shirt For ‘No Appraisal’ Announcement Meeting – News18” »\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/\" \/>\n<meta property=\"og:site_name\" content=\"Breaking News\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-06T12:40:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/images.news18.com\/ibnlive\/uploads\/2024\/08\/unacademy-founder-2024-08-c9ad80a285c1f73f4beae608d068e8ca-16x9.jpg?impolicy=website&width=1200&height=675\" \/><meta property=\"og:image\" content=\"https:\/\/images.news18.com\/ibnlive\/uploads\/2024\/08\/unacademy-founder-2024-08-c9ad80a285c1f73f4beae608d068e8ca-16x9.jpg?impolicy=website&width=1200&height=675\" \/>\n<meta name=\"author\" content=\"Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/images.news18.com\/ibnlive\/uploads\/2024\/08\/unacademy-founder-2024-08-c9ad80a285c1f73f4beae608d068e8ca-16x9.jpg?impolicy=website&width=1200&height=675\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/\"},\"author\":{\"name\":\"Admin\",\"@id\":\"https:\/\/ventil.rs\/blog\/#\/schema\/person\/8b364f5cc7fbc8705a888e63db8c026a\"},\"headline\":\"Unacademy CEO Picks $400 Burberry T-shirt For ‘No Appraisal’ Announcement Meeting – News18\",\"datePublished\":\"2024-08-06T12:40:52+00:00\",\"dateModified\":\"2024-08-06T12:40:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/\"},\"wordCount\":487,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ventil.rs\/blog\/#organization\"},\"keywords\":[\"tech layoffs\",\"Unacademy\",\"Unacademy CEO\",\"Unacademy layoffs\",\"Unacademy no appraisal announcement\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/ventil.rs\/blog\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/\",\"url\":\"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/\",\"name\":\"Unacademy CEO Picks $400 Burberry T-shirt For 'No Appraisal' Announcement Meeting - News18 - Breaking News\",\"isPartOf\":{\"@id\":\"https:\/\/ventil.rs\/blog\/#website\"},\"datePublished\":\"2024-08-06T12:40:52+00:00\",\"dateModified\":\"2024-08-06T12:40:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ventil.rs\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Unacademy CEO Picks $400 Burberry T-shirt For ‘No Appraisal’ Announcement Meeting – News18\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ventil.rs\/blog\/#website\",\"url\":\"https:\/\/ventil.rs\/blog\/\",\"name\":\"Breaking News\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/ventil.rs\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ventil.rs\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ventil.rs\/blog\/#organization\",\"name\":\"Breaking News\",\"url\":\"https:\/\/ventil.rs\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ventil.rs\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ventil.rs\/blog\/wp-content\/uploads\/2023\/07\/ventilshop-2362x591-1.png\",\"contentUrl\":\"https:\/\/ventil.rs\/blog\/wp-content\/uploads\/2023\/07\/ventilshop-2362x591-1.png\",\"width\":1445,\"height\":591,\"caption\":\"Breaking News\"},\"image\":{\"@id\":\"https:\/\/ventil.rs\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ventil.rs\/blog\/#\/schema\/person\/8b364f5cc7fbc8705a888e63db8c026a\",\"name\":\"Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ventil.rs\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e3dd0b52c93ce674a00a0dbe8383290fdc661c12a7e48e5953f790da3887973d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e3dd0b52c93ce674a00a0dbe8383290fdc661c12a7e48e5953f790da3887973d?s=96&d=mm&r=g\",\"caption\":\"Admin\"},\"sameAs\":[\"https:\/\/ventil.rs\/blog\"],\"url\":\"https:\/\/ventil.rs\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Unacademy CEO Picks $400 Burberry T-shirt For 'No Appraisal' Announcement Meeting - News18 - Breaking News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/","og_locale":"en_US","og_type":"article","og_title":"Unacademy CEO Picks $400 Burberry T-shirt For 'No Appraisal' Announcement Meeting - News18","og_description":"Published By: Business Desk Last Updated: August 06, 2024, 18:10 IST Purportedly dressed in a $400 (Rs 33,000 approx.) Burberry T-shirt, the CEO’s ironical appearance has everyone’s attention. Unacademy Announces ‘No Appraisals’ For Employees While the wave of layoffs continues to hit multiple industries, Unacademy, a major player in the Indian edtech sector, is not...Read More “Unacademy CEO Picks $400 Burberry T-shirt For ‘No Appraisal’ Announcement Meeting – News18” »","og_url":"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/","og_site_name":"Breaking News","article_published_time":"2024-08-06T12:40:52+00:00","og_image":[{"url":"https:\/\/images.news18.com\/ibnlive\/uploads\/2024\/08\/unacademy-founder-2024-08-c9ad80a285c1f73f4beae608d068e8ca-16x9.jpg?impolicy=website&width=1200&height=675"},{"url":"https:\/\/images.news18.com\/ibnlive\/uploads\/2024\/08\/unacademy-founder-2024-08-c9ad80a285c1f73f4beae608d068e8ca-16x9.jpg?impolicy=website&width=1200&height=675"}],"author":"Admin","twitter_card":"summary_large_image","twitter_image":"https:\/\/images.news18.com\/ibnlive\/uploads\/2024\/08\/unacademy-founder-2024-08-c9ad80a285c1f73f4beae608d068e8ca-16x9.jpg?impolicy=website&width=1200&height=675","twitter_misc":{"Written by":"Admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/#article","isPartOf":{"@id":"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/"},"author":{"name":"Admin","@id":"https:\/\/ventil.rs\/blog\/#\/schema\/person\/8b364f5cc7fbc8705a888e63db8c026a"},"headline":"Unacademy CEO Picks $400 Burberry T-shirt For ‘No Appraisal’ Announcement Meeting – News18","datePublished":"2024-08-06T12:40:52+00:00","dateModified":"2024-08-06T12:40:52+00:00","mainEntityOfPage":{"@id":"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/"},"wordCount":487,"commentCount":0,"publisher":{"@id":"https:\/\/ventil.rs\/blog\/#organization"},"keywords":["tech layoffs","Unacademy","Unacademy CEO","Unacademy layoffs","Unacademy no appraisal announcement"],"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/ventil.rs\/blog\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/","url":"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/","name":"Unacademy CEO Picks $400 Burberry T-shirt For 'No Appraisal' Announcement Meeting - News18 - Breaking News","isPartOf":{"@id":"https:\/\/ventil.rs\/blog\/#website"},"datePublished":"2024-08-06T12:40:52+00:00","dateModified":"2024-08-06T12:40:52+00:00","breadcrumb":{"@id":"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ventil.rs\/blog\/business\/unacademy-ceo-picks-400-burberry-t-shirt-for-no-appraisal-announcement-meeting-news18\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ventil.rs\/blog\/"},{"@type":"ListItem","position":2,"name":"Unacademy CEO Picks $400 Burberry T-shirt For ‘No Appraisal’ Announcement Meeting – News18"}]},{"@type":"WebSite","@id":"https:\/\/ventil.rs\/blog\/#website","url":"https:\/\/ventil.rs\/blog\/","name":"Breaking News","description":"","publisher":{"@id":"https:\/\/ventil.rs\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ventil.rs\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ventil.rs\/blog\/#organization","name":"Breaking News","url":"https:\/\/ventil.rs\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ventil.rs\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/ventil.rs\/blog\/wp-content\/uploads\/2023\/07\/ventilshop-2362x591-1.png","contentUrl":"https:\/\/ventil.rs\/blog\/wp-content\/uploads\/2023\/07\/ventilshop-2362x591-1.png","width":1445,"height":591,"caption":"Breaking News"},"image":{"@id":"https:\/\/ventil.rs\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ventil.rs\/blog\/#\/schema\/person\/8b364f5cc7fbc8705a888e63db8c026a","name":"Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ventil.rs\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e3dd0b52c93ce674a00a0dbe8383290fdc661c12a7e48e5953f790da3887973d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e3dd0b52c93ce674a00a0dbe8383290fdc661c12a7e48e5953f790da3887973d?s=96&d=mm&r=g","caption":"Admin"},"sameAs":["https:\/\/ventil.rs\/blog"],"url":"https:\/\/ventil.rs\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/posts\/2265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/comments?post=2265"}],"version-history":[{"count":0,"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/posts\/2265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/media\/2266"}],"wp:attachment":[{"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/media?parent=2265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/categories?post=2265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ventil.rs\/blog\/wp-json\/wp\/v2\/tags?post=2265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}