We(don’t)Work: Rent-a-desk outfit cuts 2,400 staff in bid to be a functioning business

Around 20% of employees worldwide look for new jobs Millennial daycare provider WeWork says it will lay off about one fifth of its workforce – 2,400 employees – as it tries to get its finances in order. The techie-themed office rental company says that the layoffs will come from around the globe, and are part…

We(don’t)Work: Rent-a-desk outfit cuts 2,400 staff in bid to be a functioning business

Around 20% of employees worldwide look for new jobs

Millennial daycare provider WeWork says it will lay off about one fifth of its workforce – 2,400 employees – as it tries to get its finances in order.
The techie-themed office rental company says that the layoffs will come from around the globe, and are part of an ongoing effort to thin its ranks in order to get closer to profitability, as it tries to reorganize without CEO and founder Adam Neumann.
To its credit, WeWork says all of the former employees will at least get a decent exit package, a definite step up from what happened during the last round of job cuts in September.
“As part of our renewed focus on the core WeWork business, and as we have previously shared with employees, the company is mak
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