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HomeBusinessRetrenchment in online education company, 400 employees were fired, know the reason

Retrenchment in online education company, 400 employees were fired, know the reason

Unicorn Pluralsight Lays Off 400 Employees : The era of firing the employees of IT company in the country and abroad is not taking the name of ending. Employees are being thrown out of IT company one after the other. In this sequence, Pluralsight, a company providing online education for developers and IT professionals, has announced layoffs of about 20 percent i.e. about 400 employees globally. Recently the value of Pluralsight company was more than 1 billion dollars.

what does the company say

According to media reports, the company’s CEO Aaron Skonnard has given this information in an email to his employees. CEO Skonard said that he is responsible for this situation and takes full responsibility for this decision. He wrote that you are all aware of the challenging economic environment in which we are working. This has greatly affected our business performance.

I’m sorry we let you down in difficult times

The CEO said that executives will give more details to the affected employees during all-hands meetings later this week. He said that I am sorry that this will have a negative effect on many of you, we have disappointed you in difficult times.

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so much loss

According to US SEC documents, Pluralsight, founded in 2004, had a net loss of $163.5 million in 2019 and $164 million in 2020. Aaron Skonard said that, unfortunately, these challenges intensified in the fourth quarter and as a result, today we are reducing the size of our team as we reorganize. About 20 percent of our team members are being affected by this.

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