WeWork is reportedly planning on cutting a similar proportion of jobs across its entire operations.
WeWork subsidiary Meetup laid off up to 25% of its staff on Monday, according to TechCrunch. The job cuts were mostly focused on its engineering department, according to the report. WeWork purchased Meetup two years ago for a reported $200 million. But it has been planning to downsize its business in the wake of its failed initial public offering. Read all of Business Insider's WeWork coverage here. Please only use the sharing functionality at the top of the article.
WeWork subsidiary Meetup laid off up to 25% of its staff on Monday, according to TechCrunch. The job cuts were mostly focused on its engineering department, according to the report. WeWork purchased Meetup two years ago for a reported $200 million. But it has been planning to downsize its business in the wake of its failed initial public offering. Read all of Business Insider's WeWork coverage here. Please only use the sharing functionality at the top of the article.
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