Tech companies are always evolving and changing — sometimes that means cutting jobs. This week:
The edtech company, which offers textbook rentals and tutoring services, has reportedly laid off dozens of employees. The move comes as the company is shifting toward an AI-based model. The company also cut its sales and marketing spending, which accounted for more than half of revenue in 2023.
The maker of augmented reality and virtual reality software has cut a few dozen positions, according to reports. The company is refocusing on its business development and customer success efforts, it said in a statement.
Reportedly cut about a third of its workforce. The company aims to improve profitability and efficiency as it shifts focus from its smart TV products to AI projects.
A venture-backed technology platform that specializes in product experience software, Gainsight has seen its share price drop since late last year. Its customers include Adobe and Box. Employees praise the company for its competitive benefits package, including health and dental insurance, 401(k) matching, equity incentive plan, and vacation time. The company is based in San Francisco, CA.
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