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Wonderschool layoffs: Andreessen Horowitz-backed startup cuts staff - Business Insider

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A startup that's like Airbnb for childcare cut 25% of its staff, and some employees say it's a 'desperate' attempt to juice its business for investors

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.

 

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