You can use the option to cancel or reschedule a meeting request on an event according to your preference.
Cancel or Reschedule a meeting
Click on the 'Messages' icon (web app - on the top right corner)
Find the meeting conversation you would like to cancel or reschedule from your event schedule.
Click on the meeting request and click the 3 dots in the chat window, and click on "Reschedule" or "Cancel" meeting
💡 Tip: When canceling meetings, you can leave a message informing your partner why you are canceling the meeting. This will free up the meeting slot for both of you, so you can either block it or book another meeting.