Job Cuts: Wework and Staff Meetings

job cuts: Just three days after withdrawing its registration for an initial public offering, WeWork informed staff of far-reaching job cuts to come by the end of the month, according to sources who attended the meeting. ; Three top executives delivered the news from a room at WeWork's New York headquarters Thursday afternoon, according to The Japan Times. Although the executives didn't specify how many jobs were on the line, people familiar with the discussions have pegged the amount at about 2,000, representing some 16 percent of the global workforce. At WeWork, not going public may have brought a worse fate. Deliberations are ongoing, and the number could change. Many staff meetings at WeWork, even somber ones, have an alcoholic beverage on hand. Signs that the party is ending came in both subtle and more direct ways. (news.financializer.com). As reported in the news.