Calm Meditation App Is Reportedly Laying Off 20% of Its Staff

Former employee at the meditation app Calm may need to stop and take a deep breath .

On Thursday , the company ’s CEO , David Ko , announced layoff impacting 20 % of its just about 400 employees in a memoranda to staff find by Gizmodo . That 20 % translates to around 90 employees . The memorandum come amid a growing waving oftech industry layoffsthat ’s leave tens of thousands of tech workers scramble for new caper .

In his memoranda , Ko enunciate the determination issue forth in an attempt to focus on growth and efficiency .

Photo: Staff (Getty Images)

“ I can assure you that this was not an easy decision , but it is especially difficult for a company like ours whose mission is focused on workplace mental health and wellness , ” Ko said in the memo . “ We did not come in to this decision lightly , but are confident that these changes will aid us prioritize the future , focalize on growth and become a more efficient governing body . ”

Calm , broadly speaking considered a leader in the increasingly crowd together intermediation app grocery store , attained a valuation of over $ 2 billion in 2020 and has reportedly received investing support from Goldman Sachs and Salesforce CEO Marc Benioff , according toBloomberg . Ko state the company will hold an all hand meeting on Friday where they will discuss the layoff in more depth .

Calm ’s unpleasant word has become par for the course for technical school companies . layoff have touched virtually every turning point of the industry , bear on everything from AI and fintech startups to cryptocurrency firms and just about everything in between . Just in the past few month , Netflix , Klarna , Substack , Tesla , andCoinbasehave all announce issued layoffs of various size . Overall , Crunchbaseestimatessome 34,000 tech workers have lose their job in 2022.Unemployment claimsacross the U.S. economy more often than not , meanwhile , are at an eight - twelvemonth high .

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