menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

SF ed-tech company worth $1.2B slashes staff, will rehire in 'lower cost' places

9 0
21.09.2024

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........

© SFGate


Get it on Google Play