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A month after layoffs, Udacity’s famous founder says the online school expects to do $100 million in revenue this year

Udacity Sebastian Thrun

  • Udacity seemed to stumble last month when it restructured and laid off about 20% of its workforce.
  • But founder, executive chairman and interim CEO Sebastian Thrun tells Business Insider that the business is on track to do $100 million in revenue this year, up from $88 million in 2018.
  • He says the layoffs were not from financial struggle, but rather from a strategic change that made a good chunk of the full-time staff unnecessary.
  • The change also came from his desire to make his startup profitable, he said — even though that goes against the way Silicon Valley likes to operate.
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    Source:: BusinessInsider.Com