Course Hero Layoffs
March 2023
Course Hero announced a layoff affecting 42 employees (15% of its workforce) in March 2023. The company operates in the Education sector.
42
15%
Mar 16, 2023
About
In March 2023, edtech company Course Hero, a former unicorn valued at $3.6 billion, laid off 42 employees, representing 15% of its workforce. This marked the company's first significant layoff in its 17-year history. The cuts occurred under new CEO John Peacock, who described the move as a strategic effort to position the business for future growth in a rapidly evolving sector. The layoffs followed a major restructuring months earlier, which saw co-founder Andrew Grauer step down as CEO and the creation of a parent company, Learneo. Course Hero provided several months of severance and transition support to affected staff and stated it did not anticipate further layoffs.
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