Thinkific laying off 76 workers, looking to ‘return to profitability’

Less than a year after laying off approximately 20 per cent of its workforce, Thinkific is scaling back its staffing levels even more.

In a letter to staff on Jan. 10, co-founder and CEO Greg Smith said the Vancouver-based tech company has decided to cut 76 jobs — adding that “the time has come to return to profitability.”

“I firmly believe that making the necessary changes to reach profitability by the end of 2023 was the right decision for us, but that does not change the impact it has on Thinkers that we are saying goodbye to today, or those who are staying.”

Most of the staff affected by the latest reduction are expected to leave on Jan. 15. Basic system access will be available to all departing workers until the end of the day on Jan. 13.

According to LinkedIn, Thinkific has more than 390 employees.

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