San Francisco, California-based MasterClass is an educational technology provider offering
a streaming platform that creates hundreds of video lessons taught by 150+ experts, has announced a reduction in force.
The layoffs will impact 120 employees across all teams.
According to a company spokesperson, the company is cutting 20% of its team to “adapt to the worsening macro environment and get to self-sustainability faster. Our mission — to make it possible for anyone to learn from the best — hasn’t and won’t change. This very tough step will strengthen our position both financially and strategically, allowing us to serve our members, employees, and instructors for many years to come.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?