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WeWork expected to announce major layoffs
- itcrowd 7y agoOriginal reporting by Bloomberg, discussion here: https://news.ycombinator.com/item?id=21152421 https://news.ycombinator.com/item?id=21152421
- wil421 7y agoIs Business Insider Bloomberg?
- fireismyflag 7y agoIs there a record for the fastest company crash and burn?
- deleted 7y ago[deleted]
- save_ferris 7y agoLet’s be real: this was going to happen regardless of whether or not the founders and investors cashed out. The only remarkable thing about the WeWork story is that the markets called BS before the IPO.
- paulsutter 7y agoFirst they should stop paying 100% commissions to real estate agents. Seriously, if you need office space cut a deal with an agent where you get back 80% of the rent paid for the term.
- arthurcolle 7y agoCan you post a source for your claims? 100% commission seems extremely fantastical.
- cameronbrown 7y agoIt's entirely possible this has been the state of the company for some time and senior management + SoftBank wanted to cash out via IPO. Everything's come crashing down.
- kevin_thibedeau 7y agoIt would have worked if it weren't for those meddling kids and the crazy valuation.
- nickchappell14 7y agoRead this earlier today: http://nymag.com/intelligencer/2019/10/marketing-expert-scott-galloway-on-wework-and-adam-neumann.html http://nymag.com/intelligencer/2019/10/marketing-expert-scot... Lots of choice quotes. :)