Meow Wolf plans extensive layoffs as it looks to cut back on expenses [Yahoo! Finance]
Sphere Entertainment Co. Class A (SPHR)
Company Research
Source: Yahoo! Finance
to lay off up to 165 employees by Wednesday, a move that comes as the company plans to cut its expenses by 10%. The layoffs include 111 jobs in both the corporate and exhibition teams, the company said in an email to The New Mexican. The company said it plans to eliminate 54 bargaining unit positions in Las Vegas, Nev., as well, adding "there is no collective bargaining agreement in place" yet with the employee union Meow Wolf Workers Collective. The news comes following the company's recent recognition by Fast Company magazine, which named Meow Wolf one of the world's Most Innovative Companies of 2024. It appeared on the publication's shortlist for live events and experiences, joining others such as Las Vegas, Nev.'s Sphere Entertainment and Netflix on the publication's live events and experiences shortlist. It also comes following corporate restructuring late last year, when Meow Wolf laid off eight members of its corporate team. At the time, the company had about 1,200 em
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