Unacademy CEO picks $400 Burberry T-shirt for 'No Appraisal' announcement meeting

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’s choice of outfit for the day is now also facing the internet’s wrath.

Purportedly dressed in a $400 (Rs 33,000 approx.) Burberry T-shirt to announce an appraisal cut for employees, the CEO’s ironical appearance has everyone’s attention. Many took to social media platforms and reacted to his video.