Multiverse laid off dozens more staff as losses widened

Revenues up but losses widen at unicorn Multiverse

Workplace training specialist Multiverse has posted a year of rapid revenue growth, but losses at the business continued to deepen as investment levels remained high. The London-based company, founded in 2016 by Euan Blair, reported a 36.3% rise in annual revenues to £79.6 million, up from £58.4m the previous year.  The growth was driven by rising demand from organisations seeking to use AI and data more effectively to improve productivity. Desp…

Multiverse laid off dozens more staff as losses widened

An edtech firm founded by Tony Blair’s son Euan laid off dozens more staff after reporting widening losses, its latest accounts show. Multiverse, which was launched in 2016 and hit a valuation of £1.2bn in a 2022 funding round, said it made 55 redundancy payments in the year to the end of March 2025, according to fresh figures filed to Companies House. The London-based business reported a £2.6m increase in its pre-tax loss for the year to £63.3m…