I’m currently at a well-known edtech company, and we just had our first layoffs. It’s really shaken me, and I’m starting to worry if the whole industry might be in trouble. Does anyone else feel the same? Our management claims we’re one of the last in this sector to cut jobs.
I’ve been in edtech for a while. Companies that genuinely meet educational needs will likely survive. Many edtech firms seem to only solve minor issues rather than essential educational needs, which isn’t enough. I believe we’ll see a lot of mergers and downsizing soon, resulting in a few large players dominating.
I’ve been around edtech since the 2000s. Early layoffs helped our company stay agile and take over smaller companies. The edtech bubble inflated with the pandemic, causing unsustainable growth and valuation expectations. Now, the market is adjusting, which is painful but necessary for stability. Edtech’s role in modern education remains crucial, but it won’t grow as fast as other tech sectors due to its unique challenges.
@Grayson
Can you explain more about edtech not solving major educational needs? I’ve seen many platforms come and go without making a significant impact.
KarenHarris said:
@Grayson
Can you explain more about edtech not solving major educational needs? I’ve seen many platforms come and go without making a significant impact.
Many edtech products are nice-to-haves rather than essentials. In my experience, real value comes from solutions that directly enhance learning outcomes and teacher effectiveness.
I sell edtech solutions, and it’s obvious the market has changed. Schools are tightening budgets, and there’s an oversupply of mediocre products. It’s a tough environment unless you’re offering something schools truly need.
@Alexander
Our company used to feel like a startup, but now it’s all about corporate profits. First layoffs in decades—it’s a big shift.
Samuel said:
@Alexander
Our company used to feel like a startup, but now it’s all about corporate profits. First layoffs in decades—it’s a big shift.
Once investors get involved, the focus shifts to financials over product quality or company culture. It’s a common trend that often leads to a toxic work environment.
Edtech firms focusing on K-12 are hit hardest by funding instability. Those serving corporate training sectors might fare better given steadier funding.
Gift said:
Edtech firms focusing on K-12 are hit hardest by funding instability. Those serving corporate training sectors might fare better given steadier funding.
True, losing government funding has hit us hard. Any tips on pivoting?
@Samuel
Were there no contingency plans for post-COVID funding changes? That seems like a significant oversight.
Public K-12 growth projections are not promising. With flat growth, budget cuts, and less funding, the challenges for edtech are mounting.
As someone in tech at a public school, I can say the future looks grim. Costs are up, and there’s legislative pressure on public education. We’re moving towards more in-house content creation to cut costs and increase control.
I’m working on an edtech startup focusing on niche problems. It’s tough, but I believe as technology advances, the demand for educational solutions will only grow.
My whole team was let go as AI starts to take over more functions. It’s heartbreaking after years of dedication.
lmason said:
My whole team was let go as AI starts to take over more functions. It’s heartbreaking after years of dedication.
That’s terrible to hear. What area were you guys working in?