Maggioncalda said officials decided to reduce the company’s workforce as it navigates “lower growth rates and environmental uncertainty.” The company has notified all affected workers via one-on-one conversations, he said. Coursera expects to spend between $10 million and $12 million reducing its personnel expenses, including severance and benefit costs, in 2022’s fourth quarter, according to documents filed with the U.S. Securities and Exchange Commission. The company had 1,138 full-time employees at the end of last year.
