WeWork to Lay-Off Over 2,400 Employees

Professor S

Professor of Financial Economics and Part-time Value Investor, Transfin.

Nov 22, 2019 11:56 AM 1 min read

Professor S

Professor of Financial Economics and Part-time Value Investor, Transfin.

1 min read101 views

Editorial

Explained

WeWork to lay-off over 2,400 employees.

WEWORK

To lay-off 2,400 employees.

In an attempt to reduce mounting losses and find a viable path forward following a failed IPO, office-space startup WeWork has reported that it would be laying off over 2,400 employees, about 17% of its workforce. WSJ

These employees will be receiving continued benefits, and other forms of assistance to aid in their career transition

The lay-offs have so far impacted departments across the company, including WeWork's human resources, growth, and corporate technology departments. CNN Business

FIN.

(Don't want to miss out on these End Of Day Wrap Ups? Subscribe Now to our WhatsApp Feed and get the day's Top Business stories straight on your favourite messaging app.)