In the wake of staff cuts at Coursera, edX, and Udacity, FutureLearn conducts a round of layoffs.

Following in the footsteps of 2U/edX, Udacity, and Coursera, FutureLearn has also let go some of its employees. I learned about this via LinkedIn.

It’s unclear how many FutureLearn employees were let go, and there’s been no formal announcement on FutureLearn’s communication channels.

In October, Times Higher Education (THE) reported that FutureLearn was looking to “significantly reduce expenditure” and was searching for a new owner.

FutureLearn was originally wholly owned by the Open University (OU). In 2019, SEEK Group invested £50 million in Futurelearn, becoming joint owners with the OU. According to THE, the OU is looking to sell its 50% share.

Since the investment, FutureLearn’s losses doubled and revenue didn’t grow in line with investment.

In this year’s July filing, we learned that FutureLearn had burned through SEEK funding and was looking for an extra £15M to survive.

According to the filing, FutureLearn’s board and shareholders have come to an agreement to provide this additional £15 million funding in 3 tranches of £5 million in July 2022, October 2022, and January 2023. The last two tranches would be “dependent on meeting agreed milestones.”

Below, you can find Class Central‘s complete analysis of FutureLearn over the years:

• Futurelearn