WeWork Lays Off at Least a Dozen In-House Lawyers as Part of Broader Cuts
Bloomberg Law reports that at least a dozen in-house lawyers were among the 2,400 layoffs last week at the parent of co-working giant WeWork.
“The WeWork layoffs followed an aborted $3.5 billion initial public offering, the departure of former CEO Adam Neumann, and a tentative $9.5 billion bailout by Japan’s SoftBank Group, which has temporarily saved the faltering company,” writes Bloomberg’s Brian Baxter.
WeWork lawyers in New York and San Francisco, along with some in outlying offices, were let go, one of the in-house lawyers told Bloomberg.
Read the Bloomberg Law article.
