| Founded | 2012 |
|---|---|
| Closed | 2023 |
| Country | Brazil |
| Sector | Hrtech |
| Total raised | $700M+ total |
| Collapse type | Mass Layoff Spiral |
| Founder | Cesar Carvalho |
Gympass Brazil Layoffs
"The Brazilian corporate wellness unicorn that laid off half its team as post-COVID gym attendance made the model unworkable"
Cascading layoffs that accelerated the decline
Key Events Timeline
Gympass built a corporate wellness benefit platform letting employees access thousands of gyms, studios, and wellness apps for a flat monthly fee, reaching a $2.
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