Recently departed chief executive Adam Neumann in line for $1.7bn payoff as one worker says: No one knows what the hell is going on
WeWork, the troubled office rental company, has confirmed it will lay off 2,400 employees globally, as it seeks to drastically cut costs and stabilize its business.
A company spokeswoman said in a statement: 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.
An all-staff meeting is set for Friday, and WeWork staff who have yet to hear about their positions said they were nervously awaiting more bad news. No one knows what the hell is going on, said one worker, who spoke anonymously for fear of losing severance pay.
In online chats on WeWorks Slack channel, obtained by the Guardian, worried staff shared memes about the upcoming meeting.