Skip to content
Subscriber Only

WeWork Staff, Facing Job Cuts, Express Outrage at Founder Payout

Video player cover image
WeWork’s Enterprise Value Worth ‘Less Than Zero,’ NYU’s Galloway Says
Updated on

WeWork will narrowly avoid financial ruin and in the process, reward its former leader, Adam Neumann, with as much as $1.2 billion. The reaction from his ex-colleagues, who are still facing the prospect of mass job cuts and a corporate crisis: “You’ve got to be kidding me.”

That was one of the comments posted on WeWork’s staff-wide communications system Tuesday, reflecting a broader mood throughout its headquarters in New York. Dozens of employees expressed indignation in interviews and messages to colleagues on company Slack channels that were relayed to Bloomberg. They requested anonymity in a bid to protect their jobs, as management weighs the dismissal of thousands of employees.