NEWPORT BEACH, CA — SoulCycle is anticipated to shut its Newport Seaside location alongside 18 others within the U.S. and Canada, Insider reported Tuesday.
The closures are a results of shifts brought on by the pandemic and SoulCycle being oversaturated in some areas, in line with SoulCycle Executives. SoulCycle CEO Evelyn Webster introduced the choice in an all employees assembly, in line with Insider.
The corporate will relocate some staffers and lay off many others.
Newport Seaside is certainly one of 5 California areas to close its doorways, together with: Soma, San Jose, Beverly Hills and Del Mar. Different closures are in New York, Washington, D.C., Illinois, Massachusetts, Florida, Georgia, Washington State and Canada