San Francisco, California-based Calm, the platform application for mental wellness using sleep, meditation and relaxation audio content, has announced that it reduced its headcount by 20% or approximately 90 employees in its marketing department.
Chief Executive David Ko noted, “Regrettably, today we are reducing our overall workforce by 20%. While some of you will be impacted, all of you will be affected. I can assure you that this was not an easy decision, but it is especially difficult for a company like ours whose mission is focused on workplace mental health and wellness."
"We did not come to this decision lightly, but are confident that these changes will help us prioritize the future, focus on growth and become a more efficient organization”
In the memo, Mr. Ko wrote that Calm leadership had “revisited the investment thesis behind every project” before deciding to make changes that would help stabilize the business.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?