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Meditation Startup Calm Cuts 20% of Its 400 Employees

The meditation app maker Calm is laying off 20% of its about 400-person staff, the company said Thursday.

Calm’s chief executive officer, David Ko, wrote in a memo to employees, “It is especially difficult for a company like ours whose mission is focused on workplace mental health and wellness.” He said the company would hold “a more in-depth discussion on the future of the business” for remaining staffers on Friday.