MasterClass also laid off 120 of their employees, in a far more dramatic slice of 20% of their staff. They have offered some nice parachutes starting with 11 weeks of pay, plus another week for each year on the job, as well as some other perks including healthcare, mental counseling, job counseling, and keeping your laptop. This approach is one of the more upstanding approaches that I’ve seen to treating former employees.
MasterClass, an education platform that sells subscriptions to celebrity-taught classes, has cut 20% of its team to “adapt to the worsening macro environment and get to self-sustainability faster,” CEO David Rogier tweeted on Wednesday afternoon. The layoff impacts roughly 120 people across all teams, but no C-suite executives were cut, a MasterClass spokesperson confirmed to […]
Found at techcrunch.com
