General World News

WeWork layoffs began on Monday, sources say, with one person calling it a ‘small mercy’

FILE PHOTO: A man walks into a WeWork space in the Manhattan borough of New York City, New York, U.S., October 4, 2019. REUTERS/Carlo Allegri/File Photo

  • WeWork’s layoffs officially began on Monday, sources say, and hit the corporate technology, HR and security departments.
  • Employees are being offered four months severance, regardless of tenure, they say.
  • The bulk of the layoffs are still to come, but one employee called this first round a small mercy, as these people will not be required to work long hours executing the layoff only to be laid off themselves at the end.
  • For more WeWork stories, click here.
  • Visit Business Insider’s homepage for more stories.

The long-awaited layoffs at WeWork began on Monday, multiple sources told Business Insider.

The departments first notified of cuts are read more >>>

Source:: BusinessInsider.Com