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Top related persons:
SchoolMint - 2 Sean Reay - 1 it's - 1 Reay - 1 SoftBank - 1 Sendoso - 1 what's - 1 I'm - 1
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San Diego That's SPAC SchoolMint Silicon Valley Lafayette , Louisiana
Top related orgs:
Meta - 1 Twitter - 1 Sendoso - 1 GV - 1 Google - 1 Employees - 1 NewSchools Venture Fund - 1 Reach - 1

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2 mentions found


☆ Startup employees are reeling as they brace for back-to-back rounds of layoffs: 'When it happens again, you start to lose that confidence and faith in your leadership.'
  + stars: | 2023-10-25 | by ( Samantha Stokes | Madeline Renbarger | ) www.businessinsider.com   time to read: +9 min
For the startup employees interviewed by Insider, the constant threat of layoffs is having a detrimental effect on company morale. said one employee working at a growth stage startup that's conducted three rounds of layoffs this year. For Reay, the former Sendoso employee, constant rounds of layoffs gave him and his surviving colleagues "strategy whiplash." "When it happens again, you start to lose that confidence and faith in your leadership." Some startup employees are reconsidering their future in the industryAs startup employees brace for the potential of more job cuts, they say that the experience has them second-guessing whether to stay in the industry at all.
Persons: Sean Reay, it's, Reay, SoftBank, Sendoso, what's, I'm, Raey, SchoolMint, I've, you'd, he's, Jackie Xu, Xu Talent, Kleiner Perkins, Xu, you've Organizations: Facebook, Meta, Twitter, Sendoso, GV, Google, Employees Locations: San Diego, That's, SPAC
☆ SchoolMint cuts 14.5% of staff in a second round of layoffs this year, as the forecast for edtech startups looks uncertain
  + stars: | 2023-10-05 | by ( Madeline Renbarger | ) www.businessinsider.com   time to read: +3 min
The edtech startup SchoolMint, which helps public schools and charter schools increase and manage student enrollment, cut 29 full-time staff members last week, or 14.5% of staff, Insider has learned. According to multiple sources familiar with the layoffs, this was not the first time this year SchoolMint has eliminated head count. Before these cuts, there were over 250 employees at SchoolMint, according to sources and LinkedIn data. The layoffs at SchoolMint come at an uncertain time for the edtech market, as the sector's pandemic-induced capital boom has seen an increasing slowdown. SchoolMint itself has not been immune to this uncertainty in the broader edtech market.
Persons: SchoolMint, It's Organizations: NewSchools Venture Fund, Reach, Investment Partners Locations: SchoolMint, Silicon Valley, Lafayette , Louisiana
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