Culture Trip Layoffs
May 2020
Culture Trip announced a layoff affecting 95 employees (32% of its workforce) in May 2020. The company operates in the Media sector.
95
32%
May 1, 2020
About
Culture Trip, a travel media startup, plans to lay off nearly half of its UK workforce, proposing 95 redundancies out of approximately 240 employees in the UK, following similar cuts in its New York office. The layoffs, announced in early May 2020, are a direct response to the COVID-19 pandemic severely impacting the travel industry. The company, which had raised over $100 million in funding, stated the cuts were necessary to manage costs and protect the business long-term. Employees expressed frustration over the handling of the layoffs, with the content team in London being particularly hard-hit, set to lose 64 out of 85 staff members.
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