Section4 Layoffs
May 2022
Section4 announced a layoff affecting 32 employees in May 2022. The company operates in the Education sector.
32
May 12, 2022
About
In May 2022, Scott Galloway's edtech startup Section4 laid off 32 employees, representing a quarter of its staff. The company, which had 142 employees at the time, conducted the layoffs across all teams, with a significant impact on the product department. The restructuring was driven by financial mismanagement, a lack of product-market fit, and over-hiring, as the company struggled with consumer growth. Section4, which offers affordable, virtual business school-style courses, shifted its focus toward enterprise clients, citing the high production costs of its core offerings. The layoffs were part of a broader post-pandemic reset in the tech industry.
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