In the memo, CEO David Ko wrote that Calm leadership had “revisited the investment thesis behind every project” before deciding to make changes that would help stabilize the business.
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Calm.com Inc., maker of popular meditation and wellness app Calm, has laid off 20% of its staff, according to a memo sent by Chief Executive David Ko to employees on Thursday.
People familiar with the matter said San Francisco-based Calm employed roughly 400 people, and that approximately 90 were laid off.
