Meow Wolf reveals more specifics on layoffs, while union fires back [Yahoo! Finance]
Sphere Entertainment Co. Class A (SPHR)
Company Research
Source: Yahoo! Finance
company, remembers the first time it endured mass layoffs, when 201 people lost their jobs at the onset of the coronavirus pandemic. "We had nothing — we had no one to advocate for us," she said. "We had no way to defend ourselves." A few months later, workers voted to form a union, which Meow Wolf recognized. And in the years since 2020, the company seemed on a rocket ship toward global success — opening locations to great fanfare in Las Vegas, Nev.; Denver and Grapevine, Texas. But that rise hit unsettling turbulence Monday when the company announced it will lay off up to 159 employees — 29 of them corporate and exhibition workers in New Mexico. Meow Wolf had initially said the layoffs could total up to 165, or nearly 14% of its workforce across four states. The biggest hits came in Denver's exhibition, Convergence Station, which saw a cut of 50 workers, while in Las Vegas, six employees have lost their jobs. Another 55 Las Vegas jobs are on the line but are also "on hold
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