Udacity, the $1 billion online education startup, has laid off about 20 percent of its workforce and is restructuring its operations as the companys co-founder Sebastian Thrun seeks to bring costs in line with revenue without curbing growth, TechCrunch has learned.
The objective is to do more than simply keep the company afloat, Thrun told TechCrunch in a phone interview. Instead, Thrun says these measures will allow Udacity from a money-losing operation to a break-even or profitable company by next quarter and then moving forward.
The 75 employees, including a handful of people in leadership positions, were laid off earlier today as part of a broader plan to restructure operations at Udacity. The startup now employs 300 full-time…
Read the full article at: https://techcrunch.com/2019/04/09/udacity-restructures-operations-lays-off-20-percent-of-its-workforce/