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Career Karma’s latest layoff underscores edtech’s new challenge

Navigational learning environment Less than five months after laying off 60 employees, Career Karma has reportedly fired off another 22 workers throughout its worldwide and local workforce. In an interview with TechCrunch, CEO and co-founder Ruben Harris confirmed the layoffs.

There is still more to be done, as this layoff demonstrates, even as many edtech businesses try to right-size their employees. Harris’s email to the surviving employees captures the tension of the present: formerly enthusiastic business clients are still debating whether or not to sign up for new products, resulting in protracted sales cycles and uncertainty.

Harris stated in the email, “Now that we have begun to sign clients it’s evident that we made the correct choice last year to appropriately size the firm so that we can centre Career Karma on working with employers.” It’s crucial that we allow ourselves time to engage with Fortune 1000 firms to find out how they’ll adapt to the macroeconomic climate, which is now unknown. Career Karma is in a precarious position as the market shifts because of the nature of its business. Code school BloomTech (formerly Lambda School) let off half of its workforce only last month in an effort to turn a profit.

During the most recent round of layoffs at Career Karma, CEO Adam Harris stressed that the company now had three years of runway thanks to a $40 million Series B round that had just completed. Today’s round of layoffs gives Career Karma’s founders five more years to build the company.

TechCrunch has previously reported that anytime investment slows, the “stretching your runway” method becomes popular. The fact that Career Karma has increased the standard three-year rule of thumb to five years indicates that this guideline may become even more cautious if the recession persists. Harris said, “I always [want] to have the choice to raise, I just don’t want to be compelled to raise.”

Despite the layoffs, Harris has verified that none of Career Karma’s C-suite executives were among the 80 employees that were let go. A two-month severance package and extended benefits were provided to those affected. Career guidance was also made available to recent graduates through the app.

Flexible configuration of all links

Described by Surfshark’s VPN Product Owner Justas Pukys as “simply stated, a double VPN service,” MultiHop enables customers to connect to the service over a pair of independent VPN servers. “This feature makes it twice as difficult to detect or hack users’ connections since their data is transmitted across various countries.”

Before the upgrade, users could already connect to server pairs, but they were limited to a few predetermined alternatives. This new capability grants complete control over these interconnections to any user. There are over a hundred possible combinations of server locations to meet a wide range of requirements and use-cases.

Once you’ve updated to the latest version of the Surfshark iPhone VPN app, you’ll notice a new MultiHop tab in the program’s main menu, above the list of VPN server locations. Users may then choose which IP addresses they want to be shown upon arrival and leave. They may also see a history of server pairings, save their favourites, and remove unwelcome ones.

Selecting a Dynamc MultiHop pair will make it seem as though the user is accessing the Internet from either of the two countries specified. The likelihood of having your online life and identity stolen is much reduced in this way.

Even if it increases safety, that’s not the only benefit.

“It helps not just to obtain greater security, privacy, and personalization,” adds Pukys of Surfshark’s Dynamic MultiHop. “It might increase performance in certain circumstances.”

While it’s true that a VPN may sometimes slow down your connection, it usually accomplishes the opposite. This is due to the fact that using a VPN will allow you to circumvent restrictions imposed by your ISP.

New to the Nexus bundle and working in tandem with IP Rotator is Surfshark’s Dynamic MultiHop. The latter allows users to automatically switch IP addresses every five to ten minutes with no downtime in an attempt to increase online safety.

In the future, when Surfshark’s IP Randomizer is published, the Nexus infrastructure will be fully functional. Its goal is to make it harder to trace a user’s online activities by giving them a new IP address every time they visit a new site.