Denver-based education tech firm Guild lays off 172 employees

After years of rapid growth, Guild, a Denver-based technology company focused on employee education, let go of 12% of its workforce on Wednesday.

“I’m writing with a heavy heart today to share that we’ve made the difficult decision to eliminate 172 roles at Guild, as a part of a broader organization of the company around our 3-year strategy and 10-year goals,” CEO and co-founder Rachel Romer wrote employees on Wednesday.

The company counts 1,400 workers overall, including 730 in Colorado, and has a high-profile list of the country’s top corporations as clients, including Walmart, which turned to it in 2018 to create a program that provided the retail giant’s 1.4 million employees a way to earn a college degree while still employed.

Guild’s platform allows companies to provide their employees with learning programs, career coaches and information on career pathways.

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