Guild

Denver-based Guild, an online worker education platform, laid off approximately 300 employees, representing about a quarter of its estimated 1,200-person workforce, on May 22, 2024. This marks the second significant workforce reduction in a year, following a 12% layoff in 2023. CEO Bijal Shah stated the cuts are part of a restructuring to enhance operational efficiency and innovation, despite the company's continued growth and its status as a tech unicorn valued at $4.4 billion. The edtech firm, which partners with major corporations like Walmart and Target, is offering affected employees severance and career transition support.

Guild laid off 172 employees representing approximately 12% of its workforce on 2023-05-24.