With international travel at a stand-still in many countries, it figures the MLM travel niche has taken a battering.

Rumored to already be in financial trouble, WorldVentures appears to be on its last legs.

Citing “rumors circulating about the company”, on November 3rd WorldVentures COO Michael Poates sent out an email advising of a “town hall meeting” to be held on November 4th.

The stated purpose of the meeting was to

discuss these rumors so there is no misinformation and to answer your questions.

The meeting went ahead on November 4th, during which Poates announced over 50% of WorldVentures remaining staff were to be fired on November 6th.

In addition to layoffs outside of the US, roles WorldVentures culled within the US span;

accounting specialists;

customer service representatives;

business intelligence;

business analysis;

travel agency director and travel agents;

editor;

email and digital designers;

events coordinator;

graphic designers;

air ticketing agents;

benefits, social media, program and recognition managers;

consumer insights;

copywriters and editors;

communications & employee management;

comp plan, product, program management and total rewards directors;

executive assistants;

warehouse operations;

President, WorldVentures Marketing;

operations and marketing managers; and

several vice-president positions

As the mass layoffs triggered the
WARN Act
, employees across WorldVentures and its subsidiaries are reported to have been given 8 weeks severance.

This follows the
resignation of WorldVentures CEO Josh Paine
earlier this year.

Looking forward, BehindMLM is informed WorldVentures’ outlook appears grim.

(WorldVentures) did a significant layoff in November 2019, again in April 2020 (they blamed this layoff on COVID, but it was already planned), and September 2020.

WV received PPP funds which kept them going and paying commissions over the summer.

Also, Asia and EU were traveling somewhat over the summer, so that helped WV.  WV has now stopped paying commissions, rent and all non essential vendors.

Non-payment of commissions has
dogged WorldVentures repeatedly
over the past few years.

Based on its
business model
and regulatory action in multiple jurisdictions, BehindMLM has consistently maintained WorldVentures operates as a pyramid scheme.

Early last week we were informed that WorldVentures was
going to file for bankruptcy
. A possible merge with Seacret Direct was also rumored to be on the cards.

Neither of those rumors have yet to eventuate, however we do have confirmation WorldVentures

are trying to sell off parts of the company, but the debt load for WV is crippling (over 50 million).

As of November 5th, the day before the mass-layoffs, WorldVentures was projecting a show of strength on its official Facebook account:

Pending further updates on this developing story, stay tuned…

Update 9th November 2020 – 
Separation and release agreements provided to laid off employees, appear to

🤖 Quick Answer

What happened at WorldVentures in November?
WorldVentures announced layoffs affecting over 50% of its remaining staff following a company town hall meeting. COO Michael Poates cited rumors about the company's financial stability, prompting the November 4th meeting where mass terminations were announced for November 6th across multiple departments and international locations.

Why did WorldVentures face financial difficulties?
The MLM travel company experienced significant challenges due to international travel restrictions during the pandemic. Combined with pre-existing financial troubles, the global standstill in tourism severely impacted WorldVentures' business model and revenue generation capabilities.

Which departments were affected by the layoffs?
WorldVentures eliminated positions across accounting, customer service, and various departments both within the United States and internationally. The layoffs represented a substantial reduction in operational staff across multiple functional areas.

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