Cuemath, an edtech company, lay off 100 workers across all functions, blaming it on conservative funding markets, quickly evolving technology, and AI ecosystems.
Manan Khurma, the company’s founder, said on LinkedIn that several jobs and duties are being reorganised to reflect Cuemath’s increasing emphasis on LCX and retention. “While some great individuals who have made significant contributions to Cuemath will be impacted by this, we are dedicated to providing our impacted colleagues with all the assistance they require to facilitate a seamless transition into the next stage of their professional lives. And we are sincerely appreciative of them for contributing to the math mission thus far, he continued.
More importantly, he continued, “given the need to deeply focus on building a great learning and consumer experience (LCX), he will get back into the role of running the company day-to-day as CEO.” The existing CEO of Cuemath, Vivek Sunder, will step down from his full-time position and continue to advise Khurma and the team on topics like acquisition funnels and GTM (go to market) strategies.
The edtech ecosystem, according to Khurma, is at a turning moment because to conservative finance markets, quickly evolving technology & AI ecosystems, and other factors. “Creating learning outcomes for the final stakeholder, the student, must be completely rooted in the future for education enterprises, including Cuemath. We are changing a few things at Cuemath in light of this, he continued.
