WeWork Staff, facing job cuts, express outrage at founder's US$1.2b payout


FILE PHOTO: The WeWork logo is displayed outside of a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid

SAN FRANCISCO: WeWork will narrowly avoid financial ruin and in the process, reward its former leader, Adam Neumann, with as much as $1.2 billion. The reaction from his former colleagues, who are still facing the prospect of mass job cuts and a corporate crisis: "You’ve got to be kidding me.”

That was one of the comments posted on WeWork’s staff-wide communications system Tuesday, reflecting a broader mood throughout its headquarters in New York. Dozens of employees expressed indignation in interviews and messages to colleagues on company Slack channels that were relayed to Bloomberg. They requested anonymity in a bid to protect their jobs, as management weighs the dismissal of thousands of employees.

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WeWork , financial ruin , Adam Neumann

   

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