New Delhi-based co-working space solutions provider, Awfis, recently announced that it has raised ₹40 crore in debt and equity through its ongoing Series D round funding. The round saw participation from its existing investors Bisque Limited and Link Investment Trust. The WeWork inspired proptech company started its Series D round last year in August. The…
Tag: Co-working space company WeWork to cut 2400 jobs
WeWork to lay-off 2,400 employees globally
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•Cash-strapped WeWork will be laying off 2,400 of its employees, which account for upto 20% of its workforce. This move has been much anticipated for some time now – after the company was taken over by – SoftBank. The company that once saw a valuation of $47 billion has now been under severe financial pressure,…