London edtech startup Pi-Top sees layoffs after major contract loss
London-based edtech startup Pi-Top has cut a number of staff, TechCrunch has learned.
According to our sources the company has reduced its headcount in recent weeks, with staff being told cuts are a result of restructuring as it seeks to implement a new strategy.
One source told us Pi-Top recently lost out on a large education contract.
Another source said sales at Pi-Top have been much lower than predicted — with all major bids being lost.
Pi-Top confirmed to TechCrunch that it has let staff go, saying it has reduced headcount from 72 to 60 people across its offices in London, Austin and Shenzhen.
Our sources suggest the total number of layoffs could be up to a third.
In a statement, Pi-Top told us:
pi-top has become one of the fastest growing ed-tech companies in the market in 4.5 years. We have a unique vision to increase access to coding and technical education through project based learning to inspire a new generation of makers.
As part of this vision we built up our global team with a view to winning a particularly exciting national project in a developing nation, where we had a previous large scale successful implementation. We
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