Mindbody, a digital platform for booking fitness classes and wellness services, has undergone a layoff, according to a Worker Adjustment and Retraining Notification report.
The San Luis Obispo, California-based company cut 94 jobs on Nov. 1, according to the WARN report.
Representatives from Mindbody did not respond to a request for comment.
It’s the second job culling in less than three years at Mindbody, which laid off 700 employees in April 2020 just as the COVID-19 pandemic had started.
Mindbody received a $500 million funding round, led by Sixth Street, in October 2021. It also acquired ClassPass, another wellness tech company, around the same time.
The company had gone public in 2015, but then it went private in a 2019 deal made by private equity firm Vista Equity Partners. The deal valued Mindbody at $1.9 billion. Mindbody and Vista Equity Partners settled a securities class action lawsuit in June that alleged they knowingly misled investors into selling their shares for less than the fair value.
Mindbody’s job cuts follow a trend in the digital health and wellness industry as more and more companies deal with challenging macroeconomic conditions. Digital Health Business & Technology is keeping a tracker of which companies have undergone layoffs.
