The company is laying off or furloughing just over half its employees, the company confirmed to CNBC.
ClassPass is laying off or furloughing just over half its employees, the company confirmed to CNBC.
Senior leadership relayed the news to staff Thursday in separate Zoom calls with those whose jobs were safe and those who were being permanently or temporarily cut.ClassPass told employees Thursday it was laying off or furloughing just over half of its staff as social distancing measures slashed its revenue, the company confirmed to CNBC.The staffing changes will affect hundreds of employees. The company previously had about 700 workers, according to LinkedIn data.
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