Unveiling a Restructure: Utah tech company Pluralsight remains quiet on number of job cuts

Last Updated on July 29, 2023 by Robert C. Hoopes

Pluralsight, a well-known tech company based in Utah, has once again made headlines by laying off employees for the third time in just seven months. The exact number of employees affected has not been disclosed, leaving some to speculate that this round of layoffs may be even less transparent than the previous layoff of 400 people in December.

CEO Aaron Skonnard confirmed the staff reduction, explaining that it was part of a strategic realignment of resources aimed at meeting the evolving needs of customers and strengthening the company. However, former employees who were let go have taken to LinkedIn to share their experiences, with some describing it as a “restructuring.”

This latest wave of layoffs has impacted various roles within the company, including developers, video creators, and sales specialists. It follows the previous round of job cuts in December, when Pluralsight shifted some positions to India and reduced payment for course authors.

Pluralsight, a publicly traded company since 2018, made headlines last year when it was acquired by Vista Equity Partners for a staggering $3.8 billion. However, the company has been struggling with significant financial losses in recent years, reporting net losses of $163.5 million in 2019 and $164 million in 2020.

Despite the layoffs, Pluralsight is still actively looking to fill positions within the company. Currently, there are 48 job openings, with 32 of them based in India. It remains to be seen how these recent changes will impact the company’s future and its employees.

As the tech industry continues to evolve, companies like Pluralsight are forced to make difficult decisions to adapt and stay competitive. However, the repeated layoffs have raised concerns among employees and industry observers about the company’s stability and long-term prospects. With the job market becoming increasingly competitive, those affected by the layoffs may face challenges in finding new employment opportunities in the industry.

For students and professionals pursuing careers in the tech field, these developments serve as a reminder of the importance of staying agile and adaptable in an ever-changing industry. As companies adjust their strategies and resources, it is essential for individuals to continuously update their skills and stay ahead of the curve to ensure long-term career success.

Overall, the repeated layoffs at Pluralsight highlight the challenges faced by tech companies in an evolving market. The impact on employees and the company’s future remains to be seen, but it serves as a stark reminder of the volatile nature of the industry and the need for individuals to remain vigilant in their careers.