You can choose to enable this while creating a request. In case you check the box for rescheduling you can expect an email notification for yourself (and other event host if you schedule on behalf of) for the newly selected date. The invites will be automatically updated too.
Want the invitee to select a new slot with the same host?
You can go into the request, click on 'Cancel and reschedule' and send the generated reschedule link to the invitee.
Want to reschedule and already know what the new slot will be?
You can go into the request, click on 'Cancel and reschedule' and then use the link to select the slot as if you were the invitee. Everyone will receive an updated calendar invite.
Tip: The host of the meeting can also edit the following in the calendar event
- Date and/or time.
- Add other attendees.
- Change location.
- Add or update the calendar event text and title.
- It is not possible to transfer the ownership of the event and change the host.