WeWork May Lay Off Thousands
▻https://www.nytimes.com/2019/11/17/business/wework-layoffs.html
The beleaguered office space company is said to be planning to cut its work force by at least a third in a bid to stabilize its business. WeWork is preparing to cut at least 4,000 people from its work force as it tries to stabilize itself after the company’s breakneck growth racked up heavy losses and led it to the brink of collapse, two people with knowledge of the matter said. The cuts are expected to be announced as early as this week and will take place across WeWork’s sprawling global (...)
