EducationCA

Paper Layoffs

August 2024

Paper announced a layoff affecting 81 employees (45% of its workforce) in August 2024. The company operates in the Education sector.

People Affected

Percentage

45%

Announced Date

Aug 16, 2024

About

Montréal-based EdTech startup Paper conducted its fourth and deepest round of layoffs within a year in late July 2024, cutting 45% of its approximately 180 head office employees. This followed the appointment of EdTech veteran Rich Yang as interim CEO, replacing co-founder Phil Cutler. The company later laid off its entire Canadian tutor workforce, affecting hundreds, as part of a strategic shift to focus on the US market to rebuild operations and improve its financial situation. Founded in 2014, Paper provides online tutoring and faced criticism over tutor-to-student ratios despite growth during the pandemic.