WeWork Cuts Employees But Not Plans for Growth

WeWork’s building at 424 Fifth Ave., the former Lord & Taylor flagship location

NEW YORK CITY—WeWork, recently rebranded as the We Company, cut 300 employees last week. That put a spotlight of media attention not only on the pink slips but on what’s happening behind the scenes at the co-working and flexible office space provider. A company spokesperson shared the following statement with GlobeSt.com regarding the terminations:

“Over the past nine years, WeWork has grown into one of the largest global physical networks thanks to the hard work and dedication of our team. WeWork recently conducted a standard annual performance review process. Our global workforce is now more than 10,000 strong, and we remain committed to continuing to grow and scale in 2019, including hiring an additional 6,000 employees.”