WeWork had another layoff last week and one former exec says another one is coming soon.
One person believes that a big target for cuts will be the engineering and tech teams, as WeWork dispenses with the idea of being a tech company and focuses on real estate leases.Embattled real estate company WeWork is gearing up for another round of layoffs, says one of its former star executives, Dave Fano whoFano is in a position to know.
His program is open to all but it launched with a few beta cohorts, about 700 people all told, with four teacher/coaches, including himself. Given his close ties to WeWork, he says that quite a few of those beta testers are people who were laid off from WeWork, though many come from other startups or or non-tech industries, like movie theater workers.
And he thinks he'll gain even more clients from his alma mater. The service is supposed to cost $400 for the six-week course, but when he heard of another round of cuts in the works, he offered discounts of up to 75% off to former WeWork workers. He's offering discounts of 50-60% off to anyone who lost a job thanks to COVID-19.
This person thinks the one area that will be radically reduced is WeWork's engineering teams, with hundreds cut, as the new management is focusing on real estate leases, rather than on building a bunch of software products.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WeWork's first quarter revenue growth rate slows sharply - Business InsiderWeWork's revenue growth rate was cut in half in Q1, as the company burned through nearly $500 million in 'free cash outflow'
Source: BusinessInsider - 🏆 729. / 51 Read more »
3 healthcare execs share how to open up offices after the coronavirus - Business InsiderAs the immediate threat of the coronavirus passes, companies are considering how to bring their workers back and keep them safe.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business travel will be less common after coronavirus, CEOs say - Business InsiderBusiness trips could become a thing of the past as the pandemic pushes CEOs to ask themselves what warrants a flight and what could've been a Zoom call I've been asking myself this for a while
Source: BusinessInsider - 🏆 729. / 51 Read more »
Starling is off to a fast start on relief loans - Business Insider - Business InsiderStarling has been stepping up its efforts to appeal to businesses amid the pandemic, and it's already reaping some tangible benefits
Source: BusinessInsider - 🏆 729. / 51 Read more »
Twitter needs additional tech amid permanent work-from-home policy - Business InsiderVirtual conferencing, cloud-based productivity suites, and secure networking solutions will grow as companies like Twitter transition to permanent work-from-home policies Hi Business Insider! I want to know if Robinhood is scam of legit? As remote work becomes the norm companies will need true and fully end-2-end encrypted conferencing solutions. Teams can’t afford to be using dangerous solutions like Zoom.. Virtual meeting coming as a worldwide trend
Source: BusinessInsider - 🏆 729. / 51 Read more »
Startup founders with the most to lose in a recession are working moms - Business InsiderThe looming economic crisis could wipe out female founders' gains in male-dominated Silicon Valley. Experts say childcare is the key in making sure that doesn't happen. If women are upset that they could lose more money than men perhaps knowing that the virus disproportionately kills more men wil cheer them up.
Source: BusinessInsider - 🏆 729. / 51 Read more »