Daily Management Review

Clubhouse downsizes during strategic U turn


As part of a restructuring and reconsideration of the company's direction, Clubhouse, a social network featuring audiobroadcasts, has laid off some of its employees, reports Bloomberg.

Marco Verch Professional Photographer via flickr
Marco Verch Professional Photographer via flickr
"As part of our team optimization, many positions have been abolished, and several people have decided to pursue new opportunities. We're still hiring for a variety of technical, product, and design professions," the company’s representative says.

According to Bloomberg, several employees left Clubhouse on their own accord when the company decided not to expand in certain areas, such as news, sports, and international collaborations.

Clubhouse first appeared in 2020 and gained traction amid the coronavirus outbreak. According to the agency, the company's value surged to $4 billion in a short amount of time. Since then, the service has added new features like as a night mode and even experimented with in-app games. Clubhouse CEO Paul Davison announced in November 2021 that the amount of airs made on the app each day climbed from 300,000 last summer to around 700,000.

source: bloomberg.com