Clubhouse is parting ways with many of its employees and making a strategic shift to try and take on the tech giants.
The startup world is a very, very fast paced world. Some companies grow at a breakneck pace, and sometimes they shrink just as quickly. The clubhouse has gone through a meteoric rise to say the least, but today the situation is rather delicate. A major strategic change needs to be made, and this seems to be coming through by cutting his payroll.
The club is laying off many employees
According to Bloomberg, Clubhouse parted ways with a number of its employees. It is not clear how many people were affected, but some employees left the company voluntarily. One of the most significant departures is that of Nina Gregory, a former programmer for National Public Radio, who joined the company to lead news partnership initiatives. The club has also lost its community and international leaders.
“A large number of roles have been eliminated to simplify our team, and some employees have chosen to take advantage of the new features,” a spokesperson for Clubhouse told Bloomberg. “We continue to recruit for many positions, including engineering, product and design.”
and making strategic changes to try and hold its own against the tech giants
According to the newspaper, these layoffs are part of a massive restructuring project for Clubhouse, a company that wants to completely rethink its growth strategy. Clubhouse has been phenomenally successful in the first year of the pandemic, thanks in part to the fact that an invitation was required to use the app. Unfortunately, this audacious success quickly attracted the attention of competitors including Meta, Twitter, and Spotify, who replicated its core features on their platforms. Clubhouse has gone to great lengths to deliver the best experience by adding features like real-time subtitles and high-quality audio streaming to be better than these, but the battle is against these tech giants.