Finance SoulCycle Lays Off Long-Time Employees With Zero Severance Staff Editor May 21, 2020 Share on Facebook Share on Twitter Share via Email Subscribe Now Log in Some of the laid-off employees had been with the company for five years—a situation that left people feeling “angry” and “blindsided.” Late last month, the indoor cycling company SoulCycle quietly made the decision to institute layoffs across the company—a result of the devastating effects of the coronavirus pandemic, which had forced the company to close its studios in the U.S., Canada, and the UK in March. Exactly how many employees were let go is unclear. A source close to the company said 5 percent of the company was laid off, although SoulCycle told one of the departing employees the actual figure was more than 10 percent, according to audio of a meeting reviewed by VICE. SoulCycle did not respond on the record to a request for clarification. But as affected employees learned that they would be departing the company, they also discovered something else: Many of them would be… READ MORE @ VICESome of the laid-off employees had been with the company for five years—a situation that left people feeling “angry” and “blindsided.” Late last month, the... Membership Required You’ve reached your 3-article monthly limit. Subscribe to ATN Pro for unlimited access to industry-leading coverage, insights, and analysis shaping the future of fitness and wellness. ATN Pro members get: Unlimited access to Athletech News articles Exclusive access to ATN Pro-level reporting Discounts to ATN the Innovation Summit VIP access to community events Exclusive email newsletters Subscribe Now Already a member? Log in Already a member? Log in here Tags: SoulCycle