- EdTech startup Skill-Lync has laid off over 200 employees, marking their second round of mass layoffs in 2023.
- Co-founder confirmed the layoffs were a strategic decision to reduce costs and extend the company’s runway amidst challenging funding prospects.
- Despite raising $20 million from investors such as Iron Pillar and Y Combinator, and upskilling over 30,000 students, monetization efforts have not met expectations.
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