Degreed – Pleasanton based Edtech up-skilling platform has laid off 15% of its total workforce.
This news comes just days after the company acquired LearnIn, which helps in creating talent resource hubs for employers – for an undisclosed amount.
The company had shared the layoff news on its official LinkedIn page – without the specifics. But a source impacted by the layoffs say that the company has parted ways with 15% Workforce. At the time of this article, the company seems to have 694 employees as per their Linkedin page.
Statement from the CEO as shared on Linkedin
A note from Degreed CEO, David Blake: Transparency is a core value at Degreed – one that extends to our Community.
As such, we want to share with you what’s going on with our treasured company.
In the simplest terms, we made the agonizing decision to reduce headcount today. We do this with the utmost respect and support for the colleagues we are parting ways with and everyone who is leaving Degreed does so in good standing. We will do everything in our power to take care of those impacted.
If you are hiring, you couldn’t do better than a former Degreed employee, and we would be happy to provide you with a reference.
As an organization, we are refocusing to where we see future opportunities which means evolving the way we do our work.
Make no mistake – diamonds are made out of heat and pressure. We believe strongly in the future of Degreed and are taking the steps we must to ensure it continues to shine.
