Meditation and mental wellness app Calm has laid off 20 percent of its staff, The Wall Street Journal reported Aug. 11.
Around 90 of the company's 400 employees were terminated. Calm, which is based in San Francisco, received a $2 billion valuation in 2020, according to the Journal.
"Regrettably, today we are reducing our overall workforce by 20%," Calm CEO David Ko said in a memo to employees, according to the Journal. "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."