Seattle-based Ed-tech company Dreambox Learning is the new addition to the education space announcing layoffs across the organization on Wednesday, Sep 7.
As per the impacted employee’s stories on Linkedin – the layoffs seem to have affected more than 10% of its overall workforce. The total headcount as per the company’s Linkedin profile as of this article was around 440.
Dreambox learning sold the majority of its stake to Evergreen Coastal Capital, a Silicon Valley-based private equity firm. The company founded in 2006, provides software to K-12 schools. The company’s technology adapts to individual students based on their answers and how they solve problems. Teachers and administrators get access to analytics and reporting.
The company was on target to achieve its annual revenue of more than $100 million.