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WeWork is reportedly unlikely to go public this year — and thousands of layoffs could be coming

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WeWork's new co-CEOs are reportedly considering 'a few thousand' layoffs in coming months to limit extraneous costs at the company.

WeWork announced on Tuesday that co-founder Adam Neumann was stepping down from his position as CEO, following a disastrous month in which the company postponed its plans to go public. The Wall Street Journal reported Tuesday that WeWork is"unlikely" to still go public this year, according to sources familiar with the matter.

WeWork announced on Tuesday that co-founder Adam Neumann was stepping down from his position as CEO, following a disastrous month in which the company postponed its plans to go public. The Wall Street Journal reported Tuesday that WeWork is"unlikely" to still go public this year, according to sources familiar with the matter.

 

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Glad this cleanup of over-rated CEO's is continuing. WeWork should not be the last.

techinsider Clowns.

MichAtagana Wooof. $47 Billion to $10 Billion in 12 months? I'm no economist but...thats several GDPs down in value? is that normal?

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