Miles within the Sky, a Portuguese ed-tech company that raised €1.5 million in financing in 2023, has supposedly cut back its group by 28% over the past six months. Concurring to LinkedIn information, the company has seen a critical lessening in its workforce as portion of its key alterations.
Whereas the particular reasons for the cuts have not been freely unveiled, it is obvious that the company is exploring a period of change taking after its financing circular. The decrease might be portion of efforts to streamline operations and center on key trade zones as Miles within the Sky proceeds to construct its position within the competitive ed-tech space.
The startup, known for its inventive approaches in education technology, had already pulled in consideration for its potential to disturb the industry with modern arrangements. Be that as it may, this move raises questions approximately the challenges that indeed well-funded new companies confront within the ever-evolving tech scene.
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