WeWork (WE) will cut loose a third
of its technology employees, The Information reports, from layoffs and
selling businesses as the company looks to recover from a pulled IPO.
It will shed some 500 of the approximately 1,500
engineers, product managers and data scientists it employs in the tech
division, according to the report.
About 350 cuts would come from its main corporate
division, while another 150 would come from cutting loose recent
acquisitions such as Teem and SpaceIQ, it says.
https://seekingalpha.com/news/3504623-wework-cut-third-tech-employees-report
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