The workforce reduction comes after Course Hero itself, a rare edtech unicorn, saw co-founder Andrew Grauer leave his post as chief executive four months ago. “Part of this transition support includes providing several months of severance, health care benefits through the end of June, outplacement and immigration support services, and we are working with individuals with special circumstances to make sure we do everything we can to ease their transition,” a spokesperson said.
Course Hero, a tutoring business last valued by investors at $3.6 billion, has cut 15% of staff, or 42 people - its first round of layoffs in 17 years, TechCrunch has learned from numerous sources.Ī spokesperson confirmed the layoffs, saying that “the layoffs are happening as a part of a strategic effort to set Course Hero business line up for future growth.” The company says it does not anticipate future layoffs.
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