WeWork to lay off 20% of the workforce
News by Editorial Team 22 Nov 2019
WeWork, following its failed initial public offering (IPO) attempt, said it will lay off nearly 20% of its workforce, Reuters reports. “As part of our renewed focus on the core WeWork business, and as we have previously shared with employees, the company is making necessary layoffs to create a more efficient organization,” a company spokeswoman said in a statement. However, the employees will receive severance and continued benefits during this critical period of career transition, the report said.