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WeWork is planning to lay off up to 25% of its employees

“On Monday, the new CEOs said they would shelve its IPO, though they said in a statement that being a public company is still the goal” writes Becky Peterson for businessinsider.com. We have every intention to operate WeWork as a public company and look forward to revisiting the public equity markets in the future.”. WeWork has about 12,500 employees, so a cut of 1,000 to 3,000 people would be about 10%-25% of its staff.WeWork is planning massive layoffs that will number in the thousands as new leaders of the embattled shared-space company look to focus on its core business and reduce costs, a source familiar with the matter said.Bloomberg reported earlier on Thursday that WeWork had announced layoffs to staff but did not provide a number.
 
Source: businessinsider.com



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