Outschool Layoffs
December 2022
Outschool announced a layoff affecting 43 employees (25% of its workforce) in December 2022. The company operates in the Education sector.
43
25%
Dec 10, 2022
About
In December 2022, the edtech unicorn Outschool conducted its second round of layoffs for the year, letting go of 43 employees, which represented a quarter of its staff. The company, which was last valued at $3 billion, cited a dramatic slowdown in growth as students returned to in-person schooling and a challenging funding environment marked by recession fears and higher investor demands for profitability. This followed an earlier layoff in July that affected 18% of its workforce, underscoring the broader struggles within the once high-flying edtech sector.
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