- 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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