Global Courant 2023-04-28 02:34:29
Clubhouse, the once hyped audio app that took off during the height of the pandemic, is laying off staff as part of a company “reset,” the startup announced. In a letter to staff shared by the company, founders Paul Davison and Rohan Seth said they were “scaling back our org by over 50% and saying goodbye to many talented, dedicated teammates.”
Interestingly, Davison and Seth said that the company, which was reportedly valued at $4 billion in 2021, was still well-funded, with “years of runway remaining.” They added that they “do not feel immediate pressure to reduce costs.”