Home / Business and Economy / Coursera Cuts Jobs Post-Udemy Acquisition
Coursera Cuts Jobs Post-Udemy Acquisition
7 Jul
Summary
- Coursera is implementing job cuts following its acquisition of Udemy.
- The online education platform did not specify the number of employees affected.
- The company anticipates severance charges ranging from $8 million to $11 million.
Coursera has initiated job cuts, impacting an unspecified number of employees as the online education platform integrates its recent acquisition of Udemy. This strategic move follows the completion of the Udemy acquisition, signaling a period of restructuring for the company.
The company anticipates incurring significant charges related to these layoffs. These expenses are estimated to range between $8 million and $11 million. The majority of these costs will cover severance packages and related benefits for the staff affected by the workforce reduction.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
