Friday, 24 March, 2023

Masterclass cuts 20% of employees to achieve self-sustainability faster

<p>MasterClass, according to CEO David Rogier&#39;s tweet, reduced its workforce by 20% in order to &quot;adjust to the worsening macro environment and achieve self-sustainability faster.&quot; A company spokeswoman verified that no C-suite executives were affected by the layoff, which affects about 120 workers across all teams. All employees will get a severance package from the company that includes 11 weeks of basic salary, healthcare coverage through the end of the year, etc</p>