Clubhouse Cuts 50% of Its Total Workforce Amid COVID-19 Pandemic
Key Highlights :
The COVID-19 pandemic has had a major impact on the world, and the online social audio platform Clubhouse is no exception. Founded by Rohan Seth and Paul Davison, the app enjoyed a surge in usage as people were forced to stay at home during the pandemic. However, as the world has begun to return to normal, the founders have noted a decline in users, leading to the difficult decision to cut 50% of its total workforce.
The founders of Clubhouse have noted that this was a necessary change and that they are “deeply sorry to be doing this.” The affected employees will get severance pay and healthcare coverage for a few months, and the company will pay the full salary of those impacted until August 31, 2023, in addition to four months of severance. Clubhouse will also let the affected employees keep using their company-issued laptops for research about new roles, and more.
Rohan Seth and Paul Davison are said to be building Clubhouse 2.0, which will address the shortcomings of the first app. The new version of the app is expected to have more features and better user experience. It is hoped that the new version will help bring back users and make Clubhouse more popular than ever before.
The COVID-19 pandemic has had a major impact on businesses and individuals around the world, and Clubhouse is no exception. The founders have noted that this was a necessary change and that they are “deeply sorry to be doing this.” The affected employees will get severance pay and healthcare coverage for a few months, and the company will pay the full salary of those impacted until August 31, 2023, in addition to four months of severance.
It remains to be seen how the new version of Clubhouse will fare, but it is hoped that the app will be able to regain its popularity. In the meantime, the founders have expressed their regret and sadness at having to cut 50% of their workforce, and their determination to build a better version of the app.
