WeWork Layoffs
June 2020
WeWork announced a layoff affecting 200 employees in June 2020. The company operates in the Real Estate sector.
200
Jun 19, 2020
About
WeWork is undergoing a significant restructuring in the UK, with a second round of mass layoffs this week affecting around 200 roles, primarily in its community team. Approximately 82 community managers and leads were cut, representing over 50% of that team, as part of a broader reorganization to centralize functions like billing and sales. The company, operating in the coworking and flexible office industry, aims to launch a new member experience plan in July, shifting to a "shared services" model to drive long-term profitability. While the exact global impact is unclear, these cuts reflect WeWork's ongoing efforts to streamline operations amid its five-year growth plan.
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