The Meiosis Cell Cycle. Meiosis has two cycles of cell division, conveniently called Meiosis I and Meiosis II. Meiosis I halves the number of chromosomes and is also when crossing over happens. Meiosis II halves the amount of genetic information in each chromosome of each cell. The end result is four daughter cells called haploid cells. Haploid cells only have one set of chromosomes-half the number of chromosomes as the parent cell. Before meiosis I starts, the cell goes through interphase.