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London Startup pi-top Witnesses Layoffs After Primary Deal Loss

pi-top, the London-located ed-tech startup, has slashed a number of staff, as per media reports. As per our sources, the firm has lowered its headcount in latest weeks, with workers being told that slashes are a result of renovating as it looks to implement a new tactic. One source claimed to the media that pi-top lately lost out on a huge education deal. One more source claimed that sales at the firm have been much less than expected—with all primary contacts being lost.

pi-top verified to the media that it has let employees go, claiming it has lowered headcount to 60 from 72 people all over its offices in Austin, London, and Shenzhen. Media sources recommend that the total number of cut-offs might be almost 1/3rd.

The firm sells software and hardware developed for educational employment in schools. It is one of a big number of edtech firms that have wanted to tap into the reputation of the “learn to code” project by piggybacking on top of the low-priced Raspberry Pi chipset—which offers the computing power for all goods by pi-top.

On a related note, Activision Blizzard earlier declared that it is cutting off 8% of its workers—almost 770 individuals—as the fraction of the firm “de-prioritizing programs that are not meeting goals.” The headline came on the heels of the declaration of quarter four and 2018 earnings by Activision Blizzard, where Bobby Kotick (company CEO) gave the firm’s “record results last year.” Kotick went on to state that, “While our fiscal outcomes for last year were the best so far, we did not realize our complete potential.”

As such, Activision Blizzard claims that it will be aiming more on its largest franchises: Candy Crush, Call of Duty, Warcraft, Overwatch, Diablo, and Hearthstone, with plans to augment developers all over those titles by “almost 20% over the course this year.”

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