EducationUS

Toucan Layoffs

March 2023

Toucan announced a layoff affecting 0 employees (100% of its workforce) in March 2023. The company operates in the Education sector.

People Affected

Percentage

100%

Announced Date

Mar 9, 2023

About

Toucan, a language learning technology startup, is winding down operations after over three and a half years. This decision by the board, made to deliver value to shareholders after exploring all alternatives, effectively results in the layoff of its entire team. The co-founders expressed deep appreciation for their users, team, and investors, noting the company's significant accomplishments. They are actively facilitating introductions for their talented employees to find new roles. The industry context is edtech, and while the exact team size isn't specified, the shutdown indicates a full workforce reduction as the company closes.