Outschool Layoffs
July 2022
Outschool announced a layoff affecting 31 employees (18% of its workforce) in July 2022. The company operates in the Education sector.
31
18%
Jul 5, 2022
About
Outschool, a $3 billion-valued marketplace for virtual after-school programs, laid off 31 employees, representing 18% of its workforce, in June 2022. The company, which had grown rapidly to 164 employees after raising multiple funding rounds in a short period, cited shifting market conditions as the reason. CEO Amir Nathoo stated the move was a defensive measure to optimize operations, impacting all teams including leadership. Despite the layoffs, the company asserted it maintains over three years of financial runway. This event highlights the challenges faced by growth-stage edtech startups in adapting to changing economic environments.
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