Thinkific

2022 - 3 - 30

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Image courtesy of "GeekWire"

Vancouver edtech company Thinkific lays off 100 people, or 20% of ... (GeekWire)

Thinkific, a Vancouver, B.C.-based publicly traded online education company, announced layoffs Tuesday that will affect 20% of its 499 employees.

Thinkific, a Vancouver, B.C.-based publicly traded online education company, announced layoffs Tuesday that will affect 20% of its 499 employees. The company nearly doubled headcount over the past year and said the cuts will “increase efficiency and lower costs without impacting our growth trajectory.” Thinkific, which helps instructors create their own online courses, reported a $26.4 million CAD loss last year and has seen shares sink since raising $160 million CAD in its IPO last year. Vancouver edtech company Thinkific lays off 100 people, or 20% of workforce

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Image courtesy of "The Globe and Mail"

Thinkific stock soars after fallen star of 2021 tech IPO boom cuts 100 ... (The Globe and Mail)

Other unprofitable tech companies likely to follow suit with 'similar' cuts: analyst.

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Image courtesy of "The Miracle Tech"

Vancouver edtech company Thinkific lays off 100 people, or 20% of ... (The Miracle Tech)

considerateA Vancouver, BC-based publicly traded online education company, announced Layoffs on Tuesday that will affect 20% of its 499 employees.

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Image courtesy of "Daily Hive"

Vancouver tech firm hyping up laid off staff to other companies ... (Daily Hive)

After axing 100 staff earlier this week, Thinkific has created a voluntary, opt-in job board to help former employees find new positions.

Miranda Lievers — Thinkific Co-Founder and COO — says in an email to Daily Hive, “We have a culture of kindness, empathy, as well as results and performance. We were committed to doing this in a way that was consistent with our culture and that meant being as kind and compassionate as possible to everyone affected. The board is called “Thinkers For Hire,” and Thinkific says it spent a lot of time searching for folks who add to the culture and team and want to help those workers find a new position.

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