Trybe Layoffs
August 2022
Trybe announced a layoff affecting 47 employees (10% of its workforce) in August 2022. The company operates in the Education sector.
47
10%
Aug 10, 2022
About
In August 2022, the Brazilian online programming school Trybe laid off 47 employees, representing about 10% of its nearly 500-person workforce. The layoffs, which occurred on August 10th, affected multiple departments including customer success, design, and technology. The edtech startup cited a challenging global technology ecosystem in 2022 as the reason, stating the move was a necessary, though painful, step to ensure long-term goals. The company provided full severance packages and additional financial support to those affected. Founded in 2019, Trybe operates on an income-share agreement model and had raised significant venture capital prior to this restructuring.
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