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 read136 views

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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

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