At the end of meiosis, there are FOUR cells with HALF the amount of DNA.
Meiosis is a kind of cell division that produces genetically different daughter cells. Unlike mitosis, which produces genetically identical cells, meiosis goes through 2 divisions that leads to 4 daughter cells.
In meiosis, the parent cell first duplicates all its genetic material, just like what they do in mitosis. Then it divides, leading 2 genetically identical daughter cells. Mitosis ends here, but in meiosis, the 2 cells divides themselves again, but without duplicating their DNA. This leads to the 4 daughter cells with only half of the number of chromosomes.
We call these cells haploid. They're usually common in gametes. For example, a normal body cell in human has 46 chromosome, but in the cells after meiosis, they only have 23.