WeWork is reportedly cutting up to 25% of the staff at Meetup, the startup it bought for $200 million two years ago

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• WeWork subsidiary Meetup laid off up to 25% of its staff on Monday, according to TechCrunch.
• The job cuts were mostly focused on its engineering department, according to the report.
• WeWork purchased Meetup two years ago for a reported $200 million.
• But it has been planning to downsize its business in the wake of its failed initial public offering.
• Read all of Business Insider's WeWork coverage here.
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  Read all of Business Insider's WeWork coverage here.

WeWork has laid off as much as 25% of the staff at its Meetup subsidiary, TechCrunch reported on Monday.

Most of the job cuts were in the company's engineering department, according to TechCrunch. Meetup announced the layoffs Monday morning, according to the report. It's unclear how many people were affected by the cuts.

See the rest of the story at Business Insider

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See Also:

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• WeWork is reportedly getting into esports with Play By We, which could rent its office space for professional gaming events
• WeWork and an Elon Musk-founded company wanted to turn an abandoned San Francisco US Army post into a $200 million 'campus for change'. Here's why it'll never happen.

SEE ALSO: Firing Adam Neumann doesn't solve WeWork's biggest problem: The underlying business stinks

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