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WeWork readies for mass layoffs.

Screen Shot 2019 07 15 at 23.09.00

New York (CNN Business)  One month after WeWork's former CEO, Adam Neumann, 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.

On Monday, WeWork's executive chairman Marcelo Claure confirmed that layoffs are imminent in an email to staff obtained by CNN Business. In the email, Claure said an all-hands scheduled for Tuesday would be moved to Friday "out of respect for the people who will be separated this week."

To read more on CNN:

https://edition.cnn.com/2019/11/18/tech/wework-layoffs/index.html

 

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