WeWork announced today that it would lay off 2,400 employees, nearly 20% of its workforce, as it continues to cut costs in a bid to revamp its struggling business by skleb1234
“As part of our renewed focus on the core WeWork business, and as we have previously shared with employees, the company is making necessary layoffs to create a more efficient organization,” a WeWork spokesperson told. “The process began weeks ago in regions around the world and continued this week in the U.S.”
“This workforce reduction affects approximately 2,400 employees globally, who will receive severance, continued benefits and other forms of assistance to aid in their career transition,” the spokesperson said. “These are incredibly talented professionals, and we are grateful for the important roles they have played in building WeWork over the last decade."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WeWork Lays Off 2,400 Employees In Latest Round of Cost-CuttingMore bad news for the embattled office-sharing startup.
Read more »
WeWork to lay off 2,400 employees globally in SoftBank revampWeWork said on Thursday it is laying off around 2,400 employees globally, as the...
Read more »
WeWork said it is laying off 2,400 employees globallyWeWork says it is laying off about 2,400 employees globally as part of a broader effort to cut costs and find a viable path forward after a disastrous IPO attempt
Read more »
Danske Bank lays off global head of forex businessDanske Bank's global head of foreign exchange business Niklas Karlsson said...
Read more »
The WeWork fiasco might cost SoftBank a $2.8 billion loan from Japan's biggest banksThere's 'a definite change in mood' towards SoftBank since the WeWork debacle.
Read more »
“You Don’t Bring Bad News to the Cult Leader”: Inside the Fall of WeWorkAdam Neumann reimagined the millennial workplace as a capitalist kibbutz, and so dazzled Wall Street that his company was valued at $47 billion. He spent lavishly, and pressed forward even as “the narrative of the unicorn was ending,” says an executive. Now, after the collapse, he’s said to talk of himself as a martyr.
Read more »