WEWORK'S ADAM NEUMANN GOT $1.7 BILLION. 2,400 EMPLOYEES JUST GOT FIRED.

WeWork is laying off thousands of its employees, just months after its embattled former CEO and co-founder walked away with $1.7 billion. The struggling office-sharing startup confirmed that it's letting 2,400 employees go, according to a report by CNBC. A WeWork spokesperson told CNBC that the Layoffs were being made in order to “create a more efficient organization.” The layoffs come following WeWork’s botched IPO attempt th...

Mashable (Date:11/21/2019 17:54) Read full article >>

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Layoffs: Layoff , also called redundancy in the UK, is the temporary suspension or permanent termination of employment of an employee or a group of employees for business reasons, such as when certain positions are no longer necessary or when a business slow-down occurs.