MasterClass Layoffs
June 2022
MasterClass announced a layoff affecting 120 employees (20% of its workforce) in June 2022. The company operates in the Education sector.
120
20%
Jun 22, 2022
About
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.
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