Pluralsight, one of Utah’s highest profile tech businesses, said it laid off 20% of its global workforce Monday, becoming the latest Silicon Slopes company valued at more than $1 billion to downsize.
The “challenging economic environment” faced by Pluralsight, which sells subscriptions to its training software and online classes, has grown more severe in the fourth quarter of the year, CEO Aaron Skonnard“As a result, today we are restructuring and reducing the size of our team, impacting roughly 20% of our team members,” Skonnard wrote. “As your CEO, I own this outcome and take full responsibility for the decisions that got us here.
The layoff affects about 400 employees, Pluralsight said in a statement to The Salt Lake Tribune. “We can also confirm that we are providing severance and benefits based on tenure with the business,” the company said. Pluralsight becomes at least the fourth Utah “unicorn” — a private startup that becomes valued at more than $1 billion — to cut employees in recent weeks, following
Any Utah tech worker who has lost his/her job recently may want to get to Silicon Slopes in Lehi on Monday morning for a unique networking opportunity. 🙂
Billionaires and corporations do not create jobs, they exploit labor for profit and dispose of it when it suits their needs. They do not care about you, they care about profit and your labor is the resource they extract for that profit.
elonmusk is starting a trend. Lean is the name of the game.