MasterClass

MasterClass laid off 79 employees on 2023-03-02.

On June 22, 2022, the online education platform MasterClass laid off approximately 120 employees, representing 20% of its then 600-person workforce. CEO David Rogier cited the need to adapt to a worsening macroeconomic environment and accelerate the company's path to financial self-sustainability. The layoffs affected staff across all teams, though no C-suite executives were included. The startup, which gained popularity during the pandemic for its celebrity-taught video classes, offered a severance package including 11 weeks of base pay, extended healthcare, and career support.