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WeWork, the ambitious office-sharing startup valued at more than $47 billion earlier this year, is planning to lay off “thousands” of employees as its financial woes mount.
According to the New York Times, at least 4,000 employees could lose their jobs, with cuts expected to come from both WeWork’s core subletting business and its ancillary businesses like Meetup and Wavegarden, an artificial wave machine that WeWork founder Adam Neumann invested in.
After a failed public offering forced Neumann to step down from his role as CEO in September—taking with him more than $1.7
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