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Education Startup General Assembly Lays Off 7% of Staff

General Assembly Space Inc., a tech-education startup that has raised more than $100 million from investors, laid off about 50 workers on Thursday, according to a person familiar with the matter.

The job cuts represent about 7% of the 765-employee company, whose investors include Condé Nast owner Advance Publications, Amazon.com Inc. CEO Jeff Bezos and a group of venture-capital firms such as Institutional Venture Partners.

General Assembly, based in New York, is among the latest crop of startups to lay off workers as venture-capital funding has tightened and forced companies to focus on their bottom lines.