Cuemath Layoffs
May 2023
Cuemath announced a layoff affecting 100 employees in May 2023. The company operates in the Education sector.
100
May 8, 2023
About
In May 2023, the Sequoia-backed edtech company Cuemath laid off approximately 100 employees across various departments, including marketing, technology, product, and operations. This workforce reduction occurred amid a broader "funding winter" impacting the edtech industry, as companies like Cuemath sought to cut costs and extend their financial runway. Concurrently, the company announced a leadership transition, with co-founder Manan Khurma resuming the CEO role while former CEO Vivek Sundar moved to an advisory position. Headquartered in Bengaluru and valued around $400 million, Cuemath specializes in one-on-one math tutoring for K-12 students. Despite reporting significant revenue growth, the company also faced escalating losses, contributing to the decision to restructure.
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