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November 22, 2019
NEW YORK — WeWork is slashing nearly 20% of its workforce, embarking on a painful restructuring of its money-losing operation that doomed its stock market debut and left the office-sharing company on the brink of bankruptcy.
WeWork said it has laid off 2,400 of its approximately 12,500 employees to “create a more efficient organization.” The job cuts began weeks ago in regions around the world and continued this week in the U.S, the company said in a statement Thursday.
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