has laid off about 25% of its workforce as it fixates on increasing revenue growth, according to several employees who were let go.
The startup has raised $24 million in funding from Andreessen Horowitz, Lerer Hippeau, Omidyar Network, and First Round Capital, among others. Last year's cash infusion, In recent months, the company had a change in strategy: Wonderschool would centralize its operation. It startedSeveral sources said they were told to use video calls to inspect facilities, rather than visit in person, with the goal of saving time and money on travel. The company prepared to unveil— Boston, Chicago, Houston, and the Dallas-Fort Worth, Texas, metro area — using these cost-saving measures.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google is offering advice on FedNow - Business Insider Intelligence - Business InsiderGoogle's suggestions for the Fed could be effective, but they could also accelerate the threat big tech firms are posing to US payments and commerce:
Source: BusinessInsider - 🏆 729. / 51 Read more »
IoT startup Kepler taps SpaceX for help launching low-earth orbit satellites - Business InsiderKepler contracted with SpaceX to launch satellites, as the IoT startup looks to navigate the low-earth orbit satellite connectivity industry.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Founder explains how to launch a fintech startup and serve Wall Street - Business InsiderA seasoned founder explains how to get into fintech, and what it takes for Silicon Valley to serve the big players of Wall Street. Presented by MastercardNews
Source: BusinessInsider - 🏆 729. / 51 Read more »
47 enterprise startups to bet your career on in 2020 - Business InsiderIf you are considering a career change and taking a job at an enterprise startup, we've got your back.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Medtronic buys wearables-powered diabetes management startup Klue - Business InsiderMedtronic scooped up Klue to leverage the startup's motion-tracking system that helps diabetes patients maintain healthy eating habits.
Source: BusinessInsider - 🏆 729. / 51 Read more »
34 cool online startups you might not have noticed are now at Nordstrom - Business InsiderPopular online startups like Casper and Dagne Dover are making their products more accessible by partnering with Nordstrom.
Source: BusinessInsider - 🏆 729. / 51 Read more »