FitnessVN
WeFit Layoffs
May 2020
WeFit announced a layoff affecting 0 employees (100% of its workforce) in May 2020. The company operates in the Fitness sector.
People Affected
0
Percentage
100%
Announced Date
May 13, 2020
About
Vietnamese fitness startup WeFit, operated by parent company WeWow, has filed for bankruptcy and ceased all services as of May 2020. The company, which had previously raised $1 million in funding, was forced to shut down after completely depleting its working capital due to the severe financial impact of the COVID-19 pandemic. Before the crisis, WeFit's platform was processing around 150,000 monthly bookings, but the downturn ultimately left the business unsustainable.
Source
View Sourcebeamstart.comMore Fitness Layoffs
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