Meetup Layoffs

About

Meetup, the social networking platform for organizing group events, has undergone significant layoffs as part of a restructuring following its acquisition by Bending Spoons. The company's new parent company, based in Europe, decided to move operations overseas, leading to a reduction in the US-based team. While the exact number of employees affected wasn't specified, the layoff impacted a substantial portion of the staff. This decision, communicated in early 2023, was driven by the need to integrate Meetup fully into Bending Spoons and eliminate overlapping roles. Despite the cuts, Bending Spoons plans to invest $50 million into product improvements and growth, aiming to enhance event discoverability and organizer tools for the community.

Source

More Consumer Layoffs