The cofounders blamed the macroeconomic environment for its restructure, which included office closures.
Explaining the changes to staff during the meeting, chief executive Felix Ohslwald and chief operating officer Gregor Muller attributed the firm's restructuring to the rocky economic climate and lower consumer confidence. "In Europe, we're facing the lowest consumer confidence levels in the last 80 years, and we've all seen this uncertainty in our own ways," he said.. In the Thursday meeting, the cofounders said the company will close its Latin America and Canada operations but did not reveal the exact number of employees impacted by the cuts.
In a second internal meeting with GoStudent's product team on Friday, SVP of engineering Dan Maunder was asked directly how many employees would be cut but declined to say.
Blame Biden’s America! Him and his policies destroyed our once vibrant economy FJB
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