WeWork Lays Off More Than 2,000 Employees

Troubled coworking company recorded a $1.25 billion loss in Q3

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WeWork may have gotten a bailout after its IPO debacle but troubles continue for the coworking giant, which announced today that it has laid off 2,400 employees.

Rumors that massive layoffs would hit WeWork surfaced earlier this week, though those predictions had put the number of employees who would lose their jobs as high as 4,000. Those 2,400 employees represent a massive 19% of the company’s overall workforce; according to CNBC, WeWork had 12,500 employees as of June.

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