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WeWork to slash global workforce by 20%

Company to lay off 2,400 people as it pares costs to shore up earnings

Laid-off WeWork employees exit the company's headquarters in New York.   © Reuters

NEW YORK -- Troubled shared-office provider WeWork is cutting 2,400 jobs worldwide, equivalent to a fifth of its workforce, it was learned Thursday.

The layoffs started weeks ago, according to a statement from a WeWork representative. The company employed 12,500 people at the end of June.

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