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WeWork has laid off as much as 25% of the staff at its subsidiary Meetup, TechCrunch reported on Monday.
Most of the job cuts were in the company's engineering department, TechCrunch said, citing unnamed sources. It's unclear how many people were affected by the cuts.
A Meetup spokeswoman, Shari Soofian, confirmed in an email that the company had laid off staff, but she did not offer details.
"Today we 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 schedule in-person events. WeWork purchased the company for a reported $200 million two years ago.
Since its failed initial public offering, WeWork has been planning to downsize its business, including cutting thousands of jobs across its operations. It reportedly is trying to sell Meetup along with two other startups it purchased in 2017, Managed by Q and Conductor.
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