So WeWork has cost Masa Son $4 billion (and counting), female employees their maternity leave and dignity, and has deprived us of our own Thornton McEnery. Now, it’s also costing 2,400 people their jobs.
That’s a lot, but given how things are going, it could be worse: The company is losing more than $1 billion a quarter while paying Adam Neumann nearly $2 billion to, uh, consult, or whatever, and just generally not be around anymore. And after it lays off another 1,000 people and pushes a further 1,000 off its books onto someone else’s, WeWork will remarkably still be employing more than 8,000 people. For the time being. At the moment.
In a statement, a WeWork representative said, “The company is making necessary layoffs to create a more efficient organization….” In its statement, WeWork said the laid-off employees would receive severance and benefits. “These are incredibly talented professionals, and we are grateful for the important roles they have played in building WeWork over the last decade,” the statement said.