WSJ: WeWork: A $20 Billion Startup Fueled by Silicon Valley Pixie Dust; CEO OUSTED REMAINS CHAIRMAN

[88m3]

The Real Deal
More than a third of WeWork’s 12,000 employees will likely receive notice this week that they no longer have a job. The layoffs are part of an effort by the struggling office-space company to cut costs, close ancillary businesses and narrow its offering to subletting office space.⁣
⁣
In a company email sent by chairman Marcelo Claure, employees were told that layoffs will begin this week in the U.S., and that a planned all-hands meeting will be postponed from Tuesday to Friday, where Claure will present the company’s five-year plan.⁣y, where Claure will present the company’s five-year plan.⁣
⁣
Read more: http://ow.ly/HMI650xe3z3
⁣
#BreakingNews #WeWork #TheRealDeal #RealEstateNews

 

[☑︎#VoteDemocrat]

The Real Deal
More than a third of WeWork’s 12,000 employees will likely receive notice this week that they no longer have a job. The layoffs are part of an effort by the struggling office-space company to cut costs, close ancillary businesses and narrow its offering to subletting office space.⁣
⁣
In a company email sent by chairman Marcelo Claure, employees were told that layoffs will begin this week in the U.S., and that a planned all-hands meeting will be postponed from Tuesday to Friday, where Claure will present the company’s five-year plan.⁣y, where Claure will present the company’s five-year plan.⁣
⁣
Read more: http://ow.ly/HMI650xe3z3
⁣
#BreakingNews #WeWork #TheRealDeal #RealEstateNews

OnlyFans pages finna skyrocket

 

[Arithmetic]

New York State Attorney General reportedly investigating WeWork – TechCrunch

 

[88m3]

New York State Attorney General reportedly investigating WeWork – TechCrunch

someone needs to

 

[Arithmetic]

Be a startup that has raised billions and billions and layoff half your workforce before even reaching your peak because of executive malpractice brehs

 

[88m3]

Be a startup that has raised billions and billions and layoff half your workforce before even reaching your peak because of executive malpractice brehs

skip steps, brehs

 

[Unknown Poster]

I walked past a WeWork office space last night....the people that worked there were so stereotypically millenial and exactly how I would expect them to look and act.

 

[GnauzBookOfRhymes]

Be a startup that has raised billions and billions and layoff half your workforce before even reaching your peak because of executive malpractice brehs

skip steps, brehs

That was kinda the point.

 

[88m3]

That was kinda the point.

Leave money on the table and in the bushes, Brehs!

 

[duckbutta]

Arguably the GOAT finesser in human history

 

[Strapped]

Everyone involved should be up on charges

 

[Memorial Stadium Piru]

Swisher & Galloway need to watch out, Softbank may try & get them clipped for fukking up the money

 

[ADevilYouKhow]

You would kind of think people would end up in prison. I guess SoftBank is just going to take it on the nose.

 

[GnauzBookOfRhymes]

You would kind of think people would end up in prison. I guess SoftBank is just going to take it on the nose.

they’re playing with Saudi money.
People who make or have money w/o hard work will never actually respect.

 

[GnauzBookOfRhymes]

Shyt is hilarious. But one thing I've realized after having been old enough to remember the dot com, tech and housing bust is that while people laugh about how people are getting "finessed", the vast majority of the parties involved know very well that it's going to bust. It's just a matter of propagating they hype enough that the HUUGE investors (pension funds etc) jump in, so that everyone can cash out.

The idea itself is not bad for the entrepreneur, but at the end of the day all they're doing is subleasing space from companies that may have 3 floors in a building but only enough paying tenants for 2 floors. And if they're already locked in for a 5 year lease, there's no loss in leasing that space to WeWork (or one of the other 20 companies in the arena).

Interesting that coworking might be a growth industry again.