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Are standardized test providers laying off 6 percent of their employees?
But times are changing for standardized test providers. Educational Testing Services, a pioneer of standardized testing and the longtime administrator of the SAT, is laying off 6 percent of its 2,500-plus employees, according to an internal video announcement from CEO Amit Sevak obtained by Inside Higher Ed earlier this week.Why did ETS lay off 6 percent of its workforce?
ETS, which administers the SAT and owns the GRE, laid off 6 percent of its workforce. Some say the blow reflects the diminished role of testing in college admissions. ETS helped normalize use of the SAT in admissions in the 1940s. But times are changing for standardized test providers.How will ETS layoffs affect employees?
An ETS spokesperson confirmed the layoffs, which were announced on Friday, and said their impact would be “global and company-wide,” affecting staff at both the central complex in Princeton, N.J., and at the company’s four satellite offices.Which edtech companies had Most layoffs this year?
Most layoffs this year were reported in the edtech companies like Byju's, Unacademy, Vedantu, WhiteHat Jr, etc. Edtech startup Unacademy fired 17 per cent of its employees in April this year. In July to September quarter, 2,210 people lost their jobs. Indian multinational ridesharing company Ola Cabs fired 1,000 employees in July.