GoStudent Layoffs
December 2022
GoStudent announced a layoff affecting 100 employees in December 2022. The company operates in the Education sector.
100
Dec 14, 2022
About
Austrian edtech startup GoStudent, valued at $3 billion and backed by investors like SoftBank, has initiated its second round of layoffs in three months, affecting over 100 employees. This follows a previous cut of about 200 jobs in September, which represented roughly 10% of its workforce. The company, which employs around 1,600 people, is reducing roles across its operations in Italy, Germany, and Austria, with further reductions anticipated. The layoffs come as GoStudent shifts toward a hybrid teaching model, recently acquiring Germany's Studienkreis, and reflects broader challenges in the tech sector where startups are prioritizing efficiency and profitability amid a tougher fundraising environment.
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