Online course platform Thinkific has laid off 96 employees, representing 30 percent of its global staff. This significant reduction is part of a strategic pivot to concentrate solely on enterprise and mid-market clients. The company stated the decision was driven by a desire to invest more in areas with higher growth potential. These layoffs are expected to result in substantial annualized cost savings for the business. Investors responded positively to the news, with the company's stock seeing a notable increase.
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https://betakit.com/thinkific-lays-off-30-percent-of-employees-as-part-of-enterprise-push/