- WeWork subsidiary Meetup laid off up to 25% of staff on Monday, according to TechCrunch.
- The workmen focused mostly on the engineering department, according to the report.
- WeWork bought Meetup two years ago for a reported $ 200 million.
- However, it has been planning to downsize its business since the failed first offer.
- Read full Business Insiders WeWork coverage here.
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WeWork has laid off as much as 25% of the staff at its subsidiary Meetup, TechCrunch reported Monday.
Most of the job cuts were in the company's engineering department, says TechCrunch, citing named sources. It is unclear how many were hit by the cuts.
A Meetup spokeswoman, Shari Soofian, confirmed in an email that the company had laid off employees, but she did not provide information.
"Today, we have made some organizational changes … including restructuring across some of our departments," Soofian said in a statement.
Meetup offers an online service that helps people find others with shared interests, organize groups, and plan personal events. WeWork bought the company for a reported $ 200 million two years ago.
Since the first unsuccessful offer, WeWork has been planning to downsize its business, including cutting thousands of jobs across its operations. They are reportedly trying to sell Meetup along with two other startups it purchased in 2017, Managed by Q and Conductor.
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