WHOOP Layoffs
July 2022
WHOOP announced a layoff affecting 95 employees (15% of its workforce) in July 2022. The company operates in the Fitness sector.
95
15%
Jul 21, 2022
About
In July 2022, wearable fitness technology company WHOOP, valued at $3.6 billion, laid off 15% of its workforce, impacting over 90 employees from its then 630-person team. The cuts affected every department and level, driven by a challenging macroeconomic environment that prompted the company to reduce burn rate and ensure long-term durability. WHOOP, known for its high-tech fitness trackers endorsed by elite athletes, provided competitive separation packages and support for stock options to those affected, aiming to position the business more strongly amid market uncertainties.
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