Udacity restructures operations, lays off 20 percent of its workforce – TechCrunch

Udacity, the $1 billion online education startup, has laid off about 20 percent of its workforce and is restructuring its operations as the company’s co-founder Sebastian Thrun seeks to bring costs in line with revenue without curbing growth, TechCrunch has learned. The objective is to do more than simply keep the company afloat, Thrun told
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Gizmodo Media Group acquired by private equity firm Great Hill Partners – TechCrunch

Gizmodo Media Group and The Onion have a new owner — private equity firm Great Hill Partners. As part of the deal, digital media executive Jim Spanfeller is becoming CEO of (and an investor in) the renamed G/O Media. Spanfeller previously led Forbes.com as CEO and also founded Spanfeller Media Group, the company behind the
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