DENVER — Meow Wolf said on Thursday that 50 employees of Denver's Convergence Station are losing their jobs as part of the company's reorganization.
CEO Jose Tolosa told employees via email Monday that the Santa Fe, New Mexico-based immersive art and entertainment company planned to cut expenses by 10% and reduce its workforce by 165 employees.
In addition to the 50 layoffs in Denver, the company planned to lay off 111 employees across its exhibition and corporate teams, along with 54 union employees in Las Vegas.
After the layoffs, Denver's exhibit has 224 employees, a spokesperson said.
The company also said on Thursday that the executive team, including Tolosa, will reduce their own compensation by 10%. Meow Wolf also plans to close its New York City office, scrap plans to open a Los Angeles office, eliminate software contracts and reduce other spending.
Meow Wolf's Convergence Station opened in September 2021 at the northwest part of the intersection of Interstate 25 and Colfax. It passed 1 million visitors in its first nine months of operations.
The company employs more than 1,000 people in corporate offices in Los Angeles and New York and across four exhibitions:
- Convergence Station in Denver
- The House of Eternal Return in Santa Fe
- Omega Mart in Las Vegas
- The Real Unreal in Grapevine, a suburb in the Dallas-Forth Worth area
This article includes previous reporting by Denver Business Journal.
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