The first people to be cut will be spared having to work long hours executing layoffs, only to face job cuts themselves, a source says.
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.
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.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
WeWork reportedly planning to layoff thousands as it attempts to reverse its fortunesWeWork could lay off as many as 6,000 employees as part of painful cost-cutting measures to turn its business, the New York Times reported.
Baca lebih lajut »
Why unicorn IPO, WeWork flops are a good thing for the stock market - Business InsiderThe chief strategist at a $1.2 trillion investing titan explains why pain for Uber, Peloton, and WeWork is good news for the stock market — and helping fend off another tech bubble
Baca lebih lajut »
WeWork chairman tells employees layoffs will begin this week - Business InsiderRead the leaked email from WeWork's chairman telling employees that layoffs will begin 'in earnest' this week
Baca lebih lajut »