WeWork Makes Small Round of Staff Cuts, Hours After Delaying IPO
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Hours after announcing plans to delay an initial public offering, WeWork made a small round of job cuts in a New York City unit that manages on-demand office rentals, said three people with knowledge of the matter.
The dismissals affected fewer than 10 employees in the WeWork Now division, said two of the people, all of whom asked not to be identified because the details are private. A spokeswoman for WeWork declined to comment, citing regulatory restrictions around the IPO.