Trybe

Brazilian edtech startup Trybe laid off 128 employees on Tuesday, June 6, 2023, which represents 35% of its workforce. This is the company's second round of cuts in less than a year, following a previous dismissal of 47 people in August 2022. The company stated the layoffs were necessary to achieve its long-term goals and reach financial breakeven within the next 180 days. Operating in the education technology sector, Trybe, which was valued at R$1.3 billion in a 2021 funding round, offers programming courses with a "success-shared" payment model. The layoffs are part of a broader trend dubbed the "startup winter," where companies are adjusting their strategies amid a tougher investment climate.

In August 2022, the Brazilian online programming school Trybe laid off 47 employees, representing about 10% of its nearly 500-person workforce. The layoffs, which occurred on August 10th, affected multiple departments including customer success, design, and technology. The edtech startup cited a challenging global technology ecosystem in 2022 as the reason, stating the move was a necessary, though painful, step to ensure long-term goals. The company provided full severance packages and additional financial support to those affected. Founded in 2019, Trybe operates on an income-share agreement model and had raised significant venture capital prior to this restructuring.