Edtech platform MasterClass cut 20% of workforce amid worsening environment

As edtech platforms continue to lay off employees in India, US-based celebrity-driven learning provider MasterClass has announced it is reducing its workforce by 20 per cent.

MasterClass CEO David Rogier said the decision was taken to “adapt to the worsening macro environment and get to self sustainability faster”.

The layoff impacts nearly 120 people across all teams from its 600-strong workforce.

“It was the most difficult decision I’ve had to make since we launched 7 years ago, because our team poured their heart and soul into MasterClass. They are some of the most creative, curious, caring and dedicated people in the world,” Rogier tweeted late on Wednesday.