WeWork Lays Off 20 Percent of Its Workforce

WeWork announced Thursday it is firing 2,400 of its 12,500 employees as part of a plan to save the company from bankruptcy. The company has cut a total of 20 percent of its workforce in a single day. WeWork doesn’t plan on stopping there, however. It expects to layoff at least 4,000 people: at least…

WeWork Lays Off 20 Percent of Its Workforce

WeWork announced Thursday it is firing 2,400 of its 12,500 employees as part of a plan to save the company from bankruptcy. The company has cut a total of 20 percent of its workforce in a single day. WeWork doesn’t plan on stopping there, however. It expects to layoff at least 4,000 people: at least 1,000 will come from closing “noncore” businesses like WeGrow, a private school in Manhattan meant to target children of the ultra-rich; another 1,000 building maintenance workers employees have been transferred to an outside contractor. “As part of our renewed focus on th
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