Posted on August 03, 2022
The company’s high-tech fitness tracker has been embraced by world-class athletes like LeBron James, Tiger Woods, and Michael Phelps, and a partnership with the PGA Tour. WHOOP had a valuation of $3.6 billion after its last funding round was completed nearly a year ago.
“The current macro environment has created new challenges and uncertainty, and we are committed to building a durable business that is able to withstand whatever economic climate we find ourselves in,” WHOOP said in a statement to Front Office Sports. “A reduction like this is never easy and we sought to ground this process in both empathy and compassion.
“The company is deeply appreciative of the contributions from these talented individuals.”
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