Paper Layoffs
September 2023
Paper announced a layoff affecting 87 employees (3% of its workforce) in September 2023. The company operates in the Education sector.
87
3%
Sep 12, 2023
About
Paper, an educational technology company, laid off 87 employees, representing roughly 4% of its total workforce, on September 12, 2023. The layoffs affected corporate non-tutor roles as part of a restructuring effort aimed at achieving profitability by early 2024. The company cited the need to focus its business, prepare for the future, and adapt to shifts in school funding following the end of COVID-era support, emphasizing the importance of financial health to ensure long-term viability and continued service to students.
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