Paper Layoffs
August 2023
Paper announced a layoff affecting 106 employees (4% of its workforce) in August 2023. The company operates in the Education sector.
106
4%
Aug 1, 2023
About
Paper, an education technology company, laid off 106 employees from its corporate headquarters team on August 1, 2023. This reduction affected roughly 4% of its total workforce. The company cited shifting market conditions in the education sector, where school districts are operating with tighter budgets, as the primary reason. To ensure long-term sustainability, Paper is optimizing its investments and organizational structure. The founders expressed that this difficult decision was made to strengthen the company's future position while acknowledging the impact on affected employees, who were offered a comprehensive separation package including severance, extended benefits, and continued platform access for their families.
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