Studysmarter lays off around 70 employees

According to a report by Deutsche Startups , the e-learning company from Munich is parting ways with freelancers from the content department in particular.

The e-learning start-up Studysmarter from Munich is parting ways, according to a report by deutsche-startups.de is parting ways with around 70 employees. Most of them are freelancers who worked in the content department. According to the company, these are employees who were only employed for the content project as part of a growth initiative. Studysmarter wanted to cover the curricula of the most important subjects. This has now been achieved.

The company was founded in 2018 and raised 15 million US dollars last year. In recent months, the company wanted to open up international markets. According to the company, more than 400 people work for the start-up, which has more than ten million users. The platform offers learning content for pupils and students, among others, as well as opportunities for teachers to create new teaching materials.

The company grew rapidly, particularly during the coronavirus pandemic, as demand for digital learning materials increased sharply. The platform is largely free and is financed by advertising, mainly recruitment marketing.