Mindbody lays off hundreds of San Luis Obispo employees

April 2, 2020

Mindbody, one of the largest employers in San Luis Obispo, laid off or furloughed hundreds of county residents via emails sent at 5 a.m. on Thursday morning.

In early 2019, Mindbody, a publicly traded company that sells software for managing health and wellness businesses, merged with Vista, a private equity firm. At the time, CEO Rick Stollmeyer told employees that there would be no layoffs because of the $1.9 billion merger.

Stollmeyer’s Thursday morning email:

“These are unprecedented times. The COVID-19 pandemic has caused many of our customers to temporarily close their doors or significantly reduce services. For Mindbody to survive this world crisis and the resulting economic downturn – and after considering all possible scenarios — we have made the incredibly difficult decision to reduce our workforce throughout our global offices. We have made millions of dollars in expense reductions. This was not enough. Unfortunately, this includes your position, effective today.

“We regret having to share this news with you in an email, which is obviously less than ideal. In reviewing the options we had to inform our affected team members, we chose this method because we wanted to reach all impacted team members as quickly as we could. Had we informed each team member via a live, individual meeting, some team members may have been waiting up to eight hours or more to learn how they have been individually impacted. You will, however, have the opportunity to meet with a member of your leadership team. Please use this link to select an appointment time should you choose to have a follow-up meeting being sure to use your personal email address to set up your account.

“Information is included with this email to assist in your transition from Mindbody. In addition, career transition resources will be sent to your personal email address. To further assist in your career transition period, you will be eligible to receive a severance package. Details regarding the terms of your package will be sent in a separate email to your personal email address. Please ensure we have your up-to-date personal email address for Severance and Exit packets by confirming your personal email address here.

“We want you to know that these measures have been taken across the company and are not a reflection of your performance or of our appreciation for what you have contributed.

“Thank you for all you have done for Mindbody. Your contributions are valued and have made us who we are. Mindbody team members are the heart of our business, and we deeply appreciate the contributions you have made to our company. We hope that you and your loved ones are healthy and safe.

“Sincerely, Rick Stollmeyer”


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JThomas

In the land of the free cant the owners of the company free to do whatever they choose within the law?


IDBOUND

Yep …..we saw this coming a long time ago .Ex-Employees will receive at least 39 weeks of inflated unemployment plus their stimulus checks .Vista couldn’t have wished for better timing to burn rubber and move the company


south

You are correct. A relative of mine works for Amazon in Seattle. Everyone has been happily working VPN from home for a month. The beauty of software and internet based companies is the ability to work remotely. In fact my relative finds he is more productive. This lay-off is a sham.


ByteMaker

It was only a matter of time for these layoffs. Vista is notorious for buying IP and then slashing and/or moving the talent to Texas. Notice there is no mention of re-employment after the COVID-19 crisis is over. Hundreds of people are now living in San Luis Obispo without a job or the means to sustain a living yet there are a few from this company that live in their mansions and don’t need to ever worry about money again. I am not a 1% conspiracist but this Vista deal just reaks!


kayaknut

Agreed, I hope those laid off don’t expect their jobs to return when this issue is over, some may be offered to relocate but this is the start of the end of Mindbody in SLO.