Layoffs

WeWork Could Eliminate A Third Of Workforce
WeWork Could Eliminate A Third Of Workforce
November 18, 2019  |  Personnel

WeWork is preparing to cut at least 4,000 jobs in a bid to achieve financial stability. Those layoffs could be announced as early as this...

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WeWork Reveals 90-Day Plan To Turn Company Around
WeWork Reveals 90-Day Plan To Turn Company Around
November 08, 2019  |  Debt

WeWork, the embattled office space company, has revealed a “90-day game plan” that includes huge changes to the company, including the divestiture of all if...

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Deutsche Bank Posts $924M Loss As Restructuring Continues
Deutsche Bank Posts $924M Loss As Restructuring Continues
October 30, 2019  |  Earnings

Germany’s Deutsche Bank reported a net loss below market expectations amid a restructuring plan that includes about 18,000 layoffs, The Wall Street Journal (WSJ) reported...

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Even With Fair’s Job Cuts, Car-Sharing Keeps Racing Forward
Even With Fair’s Job Cuts, Car-Sharing Keeps Racing Forward
October 28, 2019  |  Ridesharing

Every journey tends to have speedbumps, and that appears to be the case when it comes to the efforts to bring more digital commerce – and...

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Wells Axes 200+ Staffers From US Lending Units
Wells Axes 200+ Staffers From US Lending Units
October 27, 2019  |  Personnel

Sources have revealed that Wells Fargo has laid off more than 200 bankers in its U.S. lending division in recent months, with a focus on...

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Fair Auto Subscription Firm Cuts 40 Pct Of Workforce
Fair Auto Subscription Firm Cuts 40 Pct Of Workforce
October 24, 2019  |  Personnel

Fair, a car startup that lets people own cars flexibly, has been paying attention to the fate of venture-backed startups like Uber and WeWork, who...

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SoftBank-Owned WeWork To Cut 4,000 Jobs
SoftBank-Owned WeWork To Cut 4,000 Jobs
October 23, 2019  |  Partnerships / Acquisitions

WeWork, the embattled workspace company that was recently taken over by Japan’s SoftBank, will get rid of 4,000 jobs in an effort to become profitable. ...

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SoftBank, JP Morgan Discuss Bailout To Prevent WeWork Insolvency
SoftBank, JP Morgan Discuss Bailout To Prevent WeWork Insolvency
October 16, 2019  |  Investments

SoftBank and JP Morgan are in talks to rescue WeWork before it runs out of money, which is expected to happen by mid-November, CNBC reported...

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2,000 Staff Getting Laid Off As WeWork Faces Collapse
2,000 Staff Getting Laid Off As WeWork Faces Collapse
October 15, 2019  |  Investments

WeWork will lay off at least 2,000 staff in the coming week — 13 percent of its 15,000 payroll — with thousands of more job...

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