Topics regarding layoffs at WeWork

Topics regarding layoffs at WeWork

Why are we still hiring?

WeWork is barely making it as it is and instead of focusing on keeping costs down so we can avoid future layoffs, there are hundreds of open positions right now. Can somebody please explain to me the logic behind this? Although, I'm not sure many... — read more 

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Post ID: @OP+1qhIGKh1

More layoffs are all but guaranteed

Revenue is nowhere near where it should be, which means that somebody will have to pay for that. Considering that we have incompetent management that would never admit its own mistakes and accept responsibility, we are the ones who'll end up paying... — read more 

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Post ID: @OP+1liD61bm

Were you laid off? WARN Act

The WARN Act requires an employer to notify employees, in writing, 60 days before a layoff, and pay the employee for those 60 days, in addition to any severance the employee may be entitled to. Unfortunately, some employers attempt to circumvent the... — read more 

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Post ID: @OP+1kTrxl4d

Good results

https://www.businesswire.com/news/home/20220311005124/en/WeWork-Reports-Fourth-Quarter-and-Fiscal-Year-2021-Financial-Results The results are not bad. I hope that means that a slightly better period is ahead.

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Post ID: @OP+1fHCVABw

1000 laid off

https://www.businessinsider.com/fresh-wework-layoffs-could-reportedly-affect-over-1000-staff-2020-3

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Post ID: @OP+141u8cKr

When you are called out...

Last year, the tech industry saw some of its shiniest “unicorns” falter and even implode. For example, WeWork (which critics argue is actually a real-estate company that pretends it’s a hot tech startup, but bear with us) planned to cut thousands of... — read more 

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Post ID: @OP+12S9alVs

Today

Today was a real sh– day at WeWork where we had to say goodbye to many friends who are excellent at their craft (but their projects no longer a priority). East or west coast: holler if you need great PMs, engineers, or designers.

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| 1284 views | | 3 replies (last November 26, 2019)
Post ID: @OP+129B269l

Meeting Today... Get ready for 'fast' layoffs...

Held a meeting to talk bout SoftBank's takeover. Claure answered questions around employees' options, Neumann's future at the company. Claure has no #s on jobs but is committed to "fast" and "transparent" cuts. We want this to be an... — read more 

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| 1942 views | | 6 replies (last November 22, 2019)
Post ID: @OP+11GiuvOH

IWG Plc, Convene, Industrious and Knotel

IWG Plc, Convene, Industrious and Knotel are pitching themselves as more stable providers for landlords - already happening in LA, NYC, SF, etc. I just do not see W surviving this year

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| 1400 views | | 1 reply (October 5, 2019)
Post ID: @OP+11nNf8tz

WeWork's Layoffs in Progress!

Here is the current media round up - it seems that things are about to unravel very quickly - We's bonds took a major hit today - it sure sees like the end to me... Sit tight peeps... WeWork is planning to lay off thousands of... — read more 

It's Exit Package Time @ WeWork!

Trouble is brewing Adam's holy inner circle negotiating exit packages. Everyone works from home nowadays. All hands confirmation - THERE WILL BE LAYOFFS

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| 1150 views | | 1 reply (October 4, 2019)
Post ID: @OP+11lNtCs3

WeWork Research Triangle Park Layoffs Coming?

Here is the coverage, I'd proablly say this is fairly certain to happen in RTP (layoffs)... https://www.wraltechwire.com/2019/09/27/report-wework-which-has-big-presence-in-rtp-considers-layoffs-asset-sales/ WRAL is covering, via Bloomberg:... — read more 

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| 1110 views | | 1 reply (September 30, 2019)
Post ID: @OP+11iImF4J

WeWork to Lay off One Third of the Entire Workforce

That's the news today - aside from Adam Newman stepping down from the CEO role, there are rumors that there will be an effort to reign in costs - so they will go after resources... The word on the street is that about 1/3 of the entire workforce will... — read more 

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| 2770 views | | 3 replies (last September 27, 2019)
Post ID: @OP+11cCp9p5

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