Joining the ranks of other startups impacted by the coronavirus, VSCO has laid off roughly a third of its staff.
In a message on LinkedIn, founder and CEO Joel Flory said “this week has been enormously difficult as we had to say goodbye to 45 wonderful team members. 2020 was staged to be a year where we would continue to forward invest into our business. Overnight our environment changed. We realized that we would need to shift towards running a self-sustaining business.”
The terminated employees all receive a minimum of seven weeks severance pay and two months of health coverage. Flory also takes on the roll of recruiting agent, making it clear he shared the information in the hopes of helping his former employees find new jobs.
After reiterating that VSCO will roll out new features in 2020, Flory says that “our mission and vision remain unchanged. Our ability to provide a place for creative expression, inspiration and connection is even more important than ever right now.”