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Andreessen Horowitz-backed Wonderschool is cutting 25% of its staff, and some employees say it’s a ‘desperate’ attempt to juice its business for investors

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  • Wonderschool, a startup that helps parents find day care, has laid off about 25% of its staff in a “desperate” attempt to cut costs and increase revenue, according to several employees who were recently let go.
  • The Andreessen Horowitz-backed startup is downsizing at the same time it plans for a major expansion in 2020.
  • Some former employees said they’re worried about how a smaller team will maintain the quality of the service. The company has scaled back its hands-on approach of having employees visit day care centers in person, and instead has them vet providers remotely, they said.
  • However, the team responsible for read more >>>

    Source:: BusinessInsider.Com