Coursera to cut jobs in post-Udemy merger restructuring

Coursera said on Monday it ​would cut jobs, affecting ​an unspecified number of employees, ​after the online education platform's acquisition of Udemy.

The company expects to incur charges of $8 million to $11 million, ‌primarily from ⁠severance ⁠and related benefits for affected staff.

Here are some ​details:


* Coursera did not immediately return a request ​for comment seeking information about the number of impacted employees. As of December 31 last ​year, Coursera had 1,307 ⁠full-time employees, while ‌Udemy had 1,380 full-time ​employees.

* The ​move follows Coursera's completion of ⁠the merger with Udemy on May 11, ​creating a combined entity aimed ​at optimizing its cost structure and operational model.

* The company said that most of the expenses related to the job cuts are anticipated to be cash ‌expenditures, recognized in the third and fourth quarters.

* Coursera said that the ​timeline for ​position ⁠eliminations might extend beyond 2026 in certain regions due to local legal requirements and consultation processes.

* More ​than 200 tech companies have laid off over 119,400 employees so far this year, according to Layoffs. fyi, a website tracking sector-wide job cuts.