Former Workers File Class Motion Lawsuit Towards Pollen Over Unpaid Wages
Amid the fallout of Pollen, the vacation spot occasions firm is now dealing with a category motion lawsuit from former workers, Digital Music News reviews.
Pollen lately went into administration within the U.Okay. after receiving droves of complaints from shoppers, a lot of whom allege the corporate did not situation refunds for occasions that had been canceled. The corporate additionally drew the ire of a variety of its companions, like Drumcode Malta, whose organizers said Pollen’s extremely publicized struggles compelled them to tug the plug on the competition.
Because the information circulated, Pollen launched a statement attributing its pitfalls to a variety of components, together with COVID-19 restrictions and a world financial downtick. The assertion arrived days after Stay Nation launched its Q2 financials, reporting $4.43 billion in income, up from $575.9 million final yr.
“Regardless of robust development since Streetteam Software program Ltd.’s inception eight years in the past, the knock-on results of COVID-19 during the last two years, which decimated a lot of the journey sector, along with the tech inventory crash and present client uncertainty in gentle of worldwide financial situations, put an excessive amount of stress on the enterprise while at a crucial stage of a scale-up’s maturity,” reads Pollen’s assertion.
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Now, Sergio Giancaspro is suing Community Journey Experiences, Inc. and StreetTeam Software program LLC., the U.S. subsidiaries of Pollen, in accordance with DMN. The category motion go well with alleges that Pollen was conscious of its monetary difficulties in early 2022 after missing payroll to its U.S. workforce. Furthermore, workers’ reimbursements in 2022 have been reportedly late, with some sources saying they weren’t repaid in any respect.
The go well with is the most recent improvement within the saga of Pollen, which had raised $150 million to curate vacation spot journey experiences. Based in 2014, the corporate reportedly laid off over 150 members of its employees in Could, only one month after the funding spherical.
“It touts itself as ‘pair[ing] world-class leisure with thrilling locations,’ and presents workers an opportunity to ‘stay a much bigger life.’ Pollen proclaims that it’s backed by distinguished buyers and has raised over $200 million in VC funding,” the lawsuit reads, per DMN.
“The get together resulted in August 2022,” the go well with provides. “Pollen’s executives severely mismanaged the tons of of hundreds of thousands with which they have been entrusted.”