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WeWork Says It's Cutting 2,400 Jobs Globally

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Bloomberg business news
WeWork Begins Job Cuts This Week
Updated on

Long-anticipated layoffs at WeWork have begun, part of the struggling office-sharing company’s plan to cut costs after staggering losses.

WeWork said Thursday that the reductions will affect 2,400 employees globally. They will receive severance and continued benefits and other forms of assistance, according to an emailed statement.