- Udacity, the $1 billion online education startup, has laid off about 20 percent of its workforce and is restructuring its operations as the company's co-founder Sebastian Thrun seeks to bring costs in line with revenue without curbing growth, TechCrunch has learned.
- 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.
- Udacity, which specializes in "nanodegrees" on a range of technical subjects that include AI, deep learning, digital marketing, VR and computer vision, has been struggling for months now, due in part to runaway costs and other inefficiencies.
- Singh conducted a review of the business, including its operating model and Udacity's primary costs such as workforce, marketing and other non-workforce expenses.
- As a result of the review, Udacity has laid off more staff, streamlined operations and programming and cut other costs.
Udacity restructures operations, lays off 20 percent of its workforce
9 April 2019 6:31 PM GMT