The founder of the women’s business network, Business Chicks, has defended herself against allegations of greed after a fiery post appeared on the company’s social media channels complaining of widespread layoffs at the company.
An Instagram post on the group’s official account claimed that all thirteen employees were fired on Wednesday, a day after hosting members at an “open day” for the group’s new coworking space, where employees said they paid $10,000. had to sell ‘platinum’ memberships to customers.
Founded 17 years ago by Emma Isaacs, Business Chicks has a membership for female entrepreneurs and events featuring well-known celebrities, including Elle MacPherson and Sarah Jessica Parker, as well as entrepreneurship conferences.
The post on the company’s Instagram, which is no longer online, claimed that Isaacs intended to now run the company alone with no staff. The post claimed that two of the dismissed staff were pregnant and that one of them would now not be on maternity leave.
“Emma’s greed has changed the course of this staffer’s financial security and joy, which should be her only priority before going into labor,” it said.
In comments via text message to this masthead, Isaacs refuted that claim.
“This is fundamentally incorrect. I did everything I could in my capacity as founder to keep the company in its current size, and unfortunately it was the only option before us,” she said.
Isaacs said a total of nine employees had been laid off, not 13, and said all employees had been given the notice period required under their four-week contracts.