Benefits, like the one Learn In is offering, are most likely not top of mind for startups struggling to stay afloat right now and extend their runway.īlake thinks that Learn In-powered sabbaticals will help a company long-term versus the short-term benefit to the bottom line of layoffs. It’s unclear how many startups are thinking about new benefits during this period of economic stress, or new SaaS platforms to license. Learn In is launching during a time when companies, from small startups to unicorns, are laying off large percentages of their staff. Employers usually cover $5,250 of the Learn In program, so employees must cover around $1,750 out of pocket. David Blake, co-founder of Learn In, noted that the bill for one Learn In program is around $7,000. Learn In charges the employer a SaaS fee, as well as a tuition fee per employee it supports. Learn In has partnered with other edtech companies like Podium Education, FlatIron School and Foundry College to bring employees online training programs and traditional degrees so they can upskill. Once Learn In secures buy-in from a company, the startup connects employees to educational resources, or online bootcamps. Other setups could look like a more traditional sabbatical, where employees can be taken off payroll or receive a partial salary, while remaining on benefits. For example, some employees can continue to work at their company for part of the week, and spend the other part of the week at a learning bootcamp. Learn In’s set up for how it conducts sabbaticals is flexible. The business works as both a SaaS platform and a marketplace.įirst, Learn In sells companies software that helps them determine whether they can afford a sabbatical per employee. ![]() ![]() Learn In is taking sabbaticals, which are traditionally reserved for longer-tenured employees, and making them an option for employers who want to retain employees from all levels, entry to senior. ![]() Village Global and angel investor Michael Levinthal also participated in the round. Learn In, a new venture launched by the co-founders of Degreed, today launched with a $3.5 million seed round from Album, GSV and Firework Ventures. In the tech world, layoffs have impacted 24,000 people across all industries, according to one tracker.Īs companies of all sizes scramble to stay afloat and extend their runway, one company thinks that sabbaticals could be a potential alternative to the massive layoffs across the Valley. The COVID-19 pandemic has spun up a storm of layoffs across all industries in response to a decline in sales and consumerism.
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