The company's comprehensive upskilling-as-a-service platform makes it easy for the organizations to offer employees sabbaticals
Fremont, CA: Salt Lake City-based Learn In launches with USD 3.5 million in a Seed round of financing from Album, GSV, and Firework Ventures - a new future of work focused-fund. Village Global and angel-investor Michael Levinthal also participated in the round. Learn In was co-founded by popular learning platform Degreed co-founders David Blake and Eric Sharp, along with Taylor Blake and Yael Gilboa Kaufmann, with the mission to transform the modern workforce.
The company's comprehensive upskilling-as-a-service platform makes it easy for the client organizations to offer employees sabbaticals. During this time, they can acquire new skills that are essential within an evolving workplace. "In less than six weeks, we've gone from historic unemployment lows and unprecedented talent shortages to the highest levels of weekly unemployment on record, with more than 16 million people out of work in the U.S.," said David Blake, co-founder and CEO of Learn In. "Learn In provides a better option to layoffs or furloughs for the long-term health of workers, companies, and the economy amid these volatile conditions."
Learn In's model provides a highly useful and humane alternative to the layoffs and furloughs now occurring in the wake of the COVID-19 pandemic. Rather than sitting idle at home, employees have the opportunity to use this time productively to refresh and upgrade their skill sets before rejoining their employers post-pandemic with a new professional trajectory. At the same time, the company's sabbaticals help companies train and retain employees immediately while creating a long-term competitive advantage.
"Supporting people, and providing hope, is a priority right now. Keeping people employed is key. We need to quickly equip people with the skills that remain in-demand," said Arne Duncan, Former U.S. Secretary of Education. "Learning sabbaticals can be a tool for both our short-term and our long-term employment priorities. Companies get more skilled employees while managing payroll costs; employees get invested in during this moment of turbulence. Learning sabbaticals can help more companies train and retain their employees right now."