Edtech startup SchoolMint conducted its second round of layoffs this year last week, cutting 29 full-time employees, which represents 14.5% of its staff. This follows a similar reduction in March, and the company cited a "rapidly-changing market" as the reason. Before these cuts, SchoolMint had over 250 employees. The layoffs occurred across all departments and reflect broader uncertainty in the edtech sector, which has seen a significant slowdown in venture funding after a pandemic boom. Founded in 2013 and later acquired by private equity firm BV Investment Partners, SchoolMint provides enrollment management solutions for public and charter schools.
