Online education company Pluralsight laid off 400 employees

San Francisco, December 13 (IANS) Online education company for developers and IT professionals, Pluralsight, recently valued at more than $1 billion has announced to lay off 20 percent of its global workforce, approximately 400 employees.

CEO Aaron Skonnard said in an email to employees that he owns these results and is “fully responsible for the decisions that got us here”.

“I have spoken with all of you this year about the challenging economic environment in which we operate and how it is impacting our business performance,” he wrote.

Unfortunately, these challenges only accelerated in Q4 and, as a result, “we are currently restructuring and reducing the size of our team, impacting about 20 percent of our team members”, he said late on Monday.

Founded in 2004, Pluralsight had a net loss of $163.5 million in 2019 and $164 million in 2020, according to US SEC documents.

The CEO said those affected “can also seek additional communications from your executives regarding specific All-Hands meetings for each organization this weekend”.

“I’m sorry for the impact this will have on many of you, we have let you down during a difficult time,” he added.

Pluralsight is an online education company that offers a variety of video training courses for software developers, IT administrators and creative professionals via its website.