San Francisco, California-based Degreed, an education technology company specializing in corporate "upskilling" and internal mobility, has announced a 15% reduction in its workforce.
Approximately 100 employees will be impacted by this reduction in force.
Degreed CEO, David Blake noted, "Transparency is a core value at Degreed – one that extends to our Community. As such, we want to share with you what’s going on with our treasured company.
In the simplest terms, we made the agonizing decision to reduce headcount today. We do this with the utmost respect and support for the colleagues we are parting ways with and everyone who is leaving Degreed does so in good standing. We will do everything in our power to take care of those impacted."
"As an organization, we are refocusing to where we see future opportunities which means evolving the way we do our work. Make no mistake – diamonds are made out of heat and pressure. We believe strongly in the future of Degreed and are taking the steps we must to ensure it continues to shine."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?