Tuesday, February 7, 2023
HomeEducationOnline education company and unicorn Pluralsight lays off 400 employees

Online education company and unicorn Pluralsight lays off 400 employees

Online learning company for developers and IT professionals, Multiple viewwhich was recently valued at more than $1 billion, has announced it will lay off 20 percent of its global workforce, approximately 400 employees.

CEO Aaron Skonnard said in an email to employees that he owns this outcome and “takes full responsibility for the decisions that got us here.”

“I have spoken to all of you this year about the challenging economic environment in which we operate and how it has impacted our business performance,” he wrote.

Unfortunately, these challenges only accelerated in the fourth quarter and as a Result, “today we are restructuring and reducing the size of our team, which affects about 20 percent of our team members,” he said late Monday.

Founded in 2004, Pluralsight had a net loss of $163.5 million in 2019 and $164 million in 2020, according to US SEC filings.

The CEO said those affected “may also look for additional communications from your supervisor regarding special All-Hands meetings for each organization later this week.”

“I am sorry for the impact this will have on many of you, we have let you down at a difficult time,” he added.

Pluralsight is an online education company that offers a variety of video training courses for software developers, IT administrators and creative professionals through its website.


India’s November retail inflation at 5.88%, within RBI’s comfort band

Dalmia Bharat acquires cement, power plants from Jaiprakash Associates for an enterprise value of ₹5,666 crore

See also  Edtech startup FrontRow lays off 75% of its workforce


Please enter your comment!
Please enter your name here

Most Popular

Recent Comments