WeWork laid off more workers on Thursday—the latest in a series of hits for the once-promising shared-office business
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community. Since November it has laid off thousands of employees and come under fire for not prioritizing their safety amid pandemic lock-down orders.WeWork laid off more workers Thursday, according to three former employees and a person close to the business, the latest in a series of hits for the once-promising shared-office business. Sources say the cuts included community managers and real estate professionals in Canada and Europe, as well as a team in charge of partnerships.
“As WeWork continues to execute its strategic five-year plan, we are realigning certain functions and teams to reflect our business priorities,” said a company spokesperson, who confirmed the layoffs but would not comment on the number of employees let go or the departments impacted. He added that the cuts are part of an “ongoing process,” indicating more people would be losing jobs.
WeWork had 12,500 employees last June, according to plans for a public offering that faltered in September, and later grew to 14,500. The company let go 2,400 people in November and another 250 in March. This month, CEO Sandeep Mathrani and executive chairman Marcelo Claure told employees that more cuts would be necessary by the end of May and that they would be evaluating every function in every region.
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