According to CEO Paul Davison, the move is part of a small team building plan that focuses solely on product development and not any financial woes (believe it or not, it’s up to you). Without providing any specific information on the number of layoffs, Davison said the San Francisco-based company “has more to look forward to.”
Clubhouse was valued at $4 billion by its investors in 2021.
Clubhouse has promised employees pay by April, four months of severance pay, health insurance by the end of August, and help with possible immigration issues.
Source: Ferra
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
