Career Karma Layoffs
January 2023
Career Karma announced a layoff affecting 22 employees in January 2023. The company operates in the Education sector.
22
Jan 12, 2023
About
Career Karma, an edtech startup providing a learning navigation platform, laid off 22 employees in January 2023, following a previous cut of 60 staff five months earlier. This latest reduction, confirmed by CEO Ruben Harris, reflects ongoing challenges in the edtech sector as companies adjust to a tougher macroeconomic climate. The layoffs are part of a strategy to extend the company's financial runway to five years, shifting from a more typical three-year plan, amid slower enterprise sales cycles and investor caution. The move underscores the industry-wide pressure to right-size operations and adapt to uncertain demand from large corporate customers.
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