MoviePass Cuts Key Staffers After $130m Loss
- 5 years ago
In a worrying move Friday, MoviePass fired three staff members.
Two of those unlucky employees happened to make up the entirety of MoviePass's HR department.
MoviePass' parent company, Helios and Matheson Analytics, has disclosed it lost $130 million last quarter.
It's also suffered a "significant decline" in MoviePass subscribers.
A source tells Business Insider MoviePass CEO Mitch Lowe hasn't been on all-hands calls in two months.
Two of those unlucky employees happened to make up the entirety of MoviePass's HR department.
MoviePass' parent company, Helios and Matheson Analytics, has disclosed it lost $130 million last quarter.
It's also suffered a "significant decline" in MoviePass subscribers.
A source tells Business Insider MoviePass CEO Mitch Lowe hasn't been on all-hands calls in two months.