WeWork announces it is cutting 2400 jobs globally

Original article by Peter Eavis
The Age – Page: Online : 22-Nov-19

Co-working pioneer WeWork has confirmed that it will shed staff, although the initial job cuts as not as severe as some media reports had forecast. The 2,400 jobs to be shed equates to almost 20 per cent of WeWork’s global workforce. WeWork also intends to sell or shut down non-core business units, which will further reduce its global headcount by about 1,000. A similar number of employees will be transferred to JLL in December, when cleaning and building maintenance work is outsourced to the real estate services group.

CORPORATES
WEWORK, JLL

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