Layoffs have become a common phenomenon in these unprecedented times. The coronavirus has impacted several businesses, forcing them to resort to tough measures like cost cutting and downsizing. The recent company to fall in the crisis is shared office space startup, WeWork. Recently, WeWork India said that it has laid off nearly 20% of its […]
Tag: WeWork begins job cuts as cost cutting measure
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, […]