SF ed-tech company worth $1.2B slashes staff, will rehire in 'lower cost' places
Udemy is headquartered at 600 Harrison St. in San Francisco's SoMa neighborhood. The education technology company is valued at around $1.2 billion, as of Sept. 20, 2024.
Udemy, a San Francisco company that sells online educational courses and training, is laying off about 280 workers — but plans to replace some in what it’s calling “lower cost geographies.”
The education tech company announced the move in a Monday filing with the Securities and Exchange Commission. It’s a sizable, nearly 20% cut: Udemy reported having 1,443 full-time employees worldwide as of December, despite a 10% layoff in February 2023.
The new layoff round follows a “Strategic Business Update” in July, which Udemy announced with the news that it had lost $50 million in the first........
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