A WeWork logo is seen at a WeWork office in San Francisco, September 30, 2019.
Kate Munsch | Reuters
WeWork is expected to lay off at least 2,000 people, about 13% of its staff, as soon as this week, the Guardian newspaper reported.
WeWork staff told the Guardian that they believe the cuts will not stop there, suggesting more of the company’s 15,000 person workforce could be sacked. The Information reported in September that executives and bankers have discussed cutting up to a third of those workers. The embattled start-up is attempting to turn its fortunes around with painful cost reduction measures.
Employees also told the Guardian that little to no work is getting done at the company and new projects have been put on hold.