https://news.crunchbase.com/news/wework-to-reportedly-lay-off-up-to-4000-employees/ Looking at layoffs recently across different companies is bubble down the road soon? Thoughts?
WeWork To Reportedly Lay Off Up To 4,000 EmployeesWeWork is planning on laying off up to 4,000 employees following its funding rescue by SoftBank, according to the Financial Times. The company employs about 15,000 people, according to Vox. WeWork is also planning on prioritizing its operating in the United States, European and Japanese markets, while scaling back in China, India and Latin America, FT reported.
WeWork Execs Tell Employees That About 2,000 Layoffs Are Coming-and SoonWeWork's leaders told staff that job cuts are coming as soon as this month. In a meeting with employees Thursday, new co-chief executive officers Artie Minson and Sebastian Gunningham and co-founder Miguel McKelvey said that cost-cutting efforts would include layoffs, according to attendees.
sorry to hear about the layoffs at WeWork can anyone verify which departments were impacted? https://www-cnbc-com.cdn.ampproject.org/c/s/www.cnbc.com/amp/2019/11/21/wework-lays-off-2400-employees.html
WeWork lays off 2,400 employeesWeWork is laying off 2,400 employees as it works to cut costs and right-size the business, the company confirmed to CNBC. In a statement, a WeWork spokesperson said the cuts were being made as part of the company's efforts to "create a more efficient organization" and refocus on the core office-sharing business.
Thoughts on WeWork slashing 300 jobs? https://www.bizjournals.com/boston/news/2019/03/05/wework-lays-off-300-employees.html
WeWork lays off 300 staffers - about 3% of its workforce - Boston Business JournalCo-working giant WeWork Cos. has cut about 300 employees. That's about 3 percent of its workforce. Bloomberg News first broke the news. WeWork, which calls itself The We Co., has rolled up shared office spaces around the world. It confirmed the layoffs and described them as performance-related dismissals.
"Hey guys we need to cut costs but we don't wanna lose valuation. So let's sacrifice careers of 7% of the staff" Such evil bullshit. Why not just blame chronic low ROI in departments or some other crap to justify and keep valuation. Why poison the well for your people? Such shit company
Neumann got $1.7bn payout. More layoffs coming soon!!! https://www.bbc.com/news/business-50138354
WeWork rescue 'hands co-founder $1.7bn payout'Struggling property firm WeWork has reportedly accepted a rescue deal with a generous payout for controversial co-founder Adam Neumann. The deal will see current investor, Japanese firm Softbank, buy billions more dollars worth of WeWork shares, including almost $1bn from Mr Neumann. The agreement, which also includes $5bn in debt financing, gives Softbank control of the company.
Looks like WeWork’s parent company We Co. is planning on trimming thousands of positions from its current staff. https://www.wsj.com/articles/wework-cleans-house-looks-to-trim-staff-close-to-ex-ceo-sell-private-jet-11569531640
WeWork Cleans House, Looks to Trim Staff Close to Ex-CEO, Sell Private JetThe post-Adam Neumann era at WeWork has begun. In the days since Mr. Neumann stepped down as chief executive, his replacements have been racing to make changes at We Co., the shared-office provider's parent, according to people familiar with the matter.
I feel really bad for the employees, while the co-founder walks away with Billion+. Let's use this post to help them and refer them at our companies, you will get your referral bonus as well.... Tagged Uber because of latest layoffs and Amazon just that this post reaches more people.
I hope you are able to find a job quickly https://www.cnn.com/2019/11/18/tech/wework-layoffs/index.html
WeWork braces for mass layoffs this weekOne month after WeWork's former CEO, Adam Neumman, received a massive payout despite all but running the company into the ground, more than 12,000 global staffers are bracing for mass layoffs this week.
https://www.businessinsider.com/wework-reportedly-delayed-layoffs-because-its-short-on-cash-2019-10 meanwhile https://www.theverge.com/2019/10/22/20926583/wework-founder-adam-neumann-softbank-takeover-payout I think the board should have gotten him arested for international drug smuggling instead...Read more
WeWork has reportedly postponed thousands of layoffs because it's too broke to pay workers severanceWeWork has delayed laying off thousands of workers, because it doesn't have enough cash to pay them severance, The Wall Street Journal reported Monday. The company reportedly could run out of cash by next month unless it gets new funding, and was planning on cutting jobs to save money.
Hey people at wework. Sorry about the upcoming layoffs, its unfortunate, if you guys already have a backup plan or a job its great as I am hoping they will give you guys severance. For people in need of referrals please dm if you see any appropriate position at Apple. I’ll be happy to refer. Peopl...Read more