WeWork reportedly could run out of cash within a month if it doesn't get new cash soon. It had planned to cut jobs to save money.
WeWork has delayed laying off thousands of workers, because it doesn't have enough cash to pay them severance, The Wall Street Journal reported Monday. The company reportedly could run out of cash by next month unless it gets new funding, and was planning on cutting jobs to save money. How the company will handle severance has been a hot topic of conversation, and employees are particularly concerned about the WeWork shares they hold.
WeWork has delayed laying off thousands of workers, because it doesn't have enough cash to pay them severance, The Wall Street Journal reported Monday. The company reportedly could run out of cash by next month unless it gets new funding, and was planning on cutting jobs to save money. How the company will handle severance has been a hot topic of conversation, and employees are particularly concerned about the WeWork shares they hold.
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