Steps we're taking to support Udemy's long-term growth & stability

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Steps we're taking to support Udemy's long-term growth & stability

Community Manager
Community Manager

Hi all,


Today, Udemy reported fourth quarter and full year 2022 earnings, posting strong results and closing out our first year as a public company with a 22% year-over-year increase in annual revenue.


However, as many of you have discussed here in the Community, Udemy is not immune to the macroeconomic impacts that have continued to affect the global economy. In order to stay ahead of these headwinds and safeguard Udemy’s long-term growth, we are taking action to better align our cost structure with our expectations for revenue, demand and profitability. As a result, we have made the very difficult decision to reduce our global workforce by 10%. We believe these actions position us well to grow through this challenging environment and accelerate our path to profitability, while continuing to prioritize investments in areas that will be most impactful for learners, instructors and Udemy Business customers.


It is important to note that these actions are not a reflection of the health of Udemy’s business. Demand across our marketplace and the Udemy Business platform remains healthy. During Q4, we saw more than 35 million monthly visitors come to Udemy, an increase of 6% from the prior year, and 1.36 million monthly average buyers of individual courses and subscriptions. We expect this stability to continue in 2023, leading to solid full year revenue growth, despite the challenging macroeconomic environment.


We remain committed to bringing your content to the world and will continue to invest in products and services that support you. As we look towards the future, we are optimistic and bullish about our partnership to help improve millions of lives and businesses through learning.


With gratitude, 

Chrystie & the Udemy Instructor Team