WeWork plans to cut 2k jobs after failed IPO

“In the presentation, made available to all 12,500 or so WeWork employees, Minson apologized for the recent weeks of uncertainty” writes Ellen Huet for WeWork employees are accustomed to routine firings, unlike at the typical startup in growth mode.And making a show of cost-cutting may not be the formula to sell a new stock to public investors, who are looking for a growth story.For now, WeWork just needs to convince private investors, SoftBank in particular.

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